Hyundai Motor India Ltd on Friday inked a MOU with IndusInd Bank for providing car loan funding for the clients. Reportedly, the MoU was inked by HMIL Senior Vice President Arvind Saxena and IndusInd Bank Executive Vice President S V Parthasarathy.Hyundai can leverage its stable product range with easy funding options for potential customers across the country.IndusInd Bank will be able to provide funding options for a broad range of traveler cars through its offices while Hyundai will get admission to latest markets and clients.Hyundai Motor India posted a 53.94% leap in Indian passenger car sales last month at 23,193 units as opposed to 15,066 units in July, last year.
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