TVS Motor Company on Friday said it has tied up with Syndicate Bank to offer retail financing facilities for its three-wheeler customers.
"Under the agreement, Syndicate Bank will offer loans at reduced margins to customers aspiring to buy TVS King," the Chennai-based auto major said in a statement.
As per the MOU, Syndicate Bank will offer finance for purchase of TVS King through all its 2,493 branches across the country, it added.
"This alliance will not only help reach prospective buyers across the country, but also open up new markets and customers, both for Syndicate Bank as well as TVS Motor Company," the statement said.
Both the companies have a wide distribution network in the urban, semi urban and rural areas and will leverage on their wide networks for mutual benefit, TVS said.