AMW and L&T Finance ink pact to facilitate M&HCV ownership

AMW Motors Ltd has entered into an agreement with L&T Finance to provide competitive retail financing options for its range of medium and heavy haulage vehicles and tippers.

The pact will help provide loans at attractive rates for all classes of commercial vehicle operators, including retail customers and will be available across the range of AMW vehicles such as tippers, the new AMW haulage range and other special purpose vehicles. The Memorandum of Understanding was signed today by A Ramasubramanian, president, AMW Motors, and G C Rangan, COO, L&T Finance.

Speaking on the occasion A Ramasubramanian said, “Affordable financing for CVs is extremely important as it provides our customers the advantage of aligning their monthly outgo on loans with vehicle operating costs and enables them to increase the return on investment which is crucial to business. The combined benefit of high product performance and attractive financing options is a win-win for all of us. We are confident that this tie-up will generate increased volumes for AMW and better overall productivity for customers.”

G C Rangan, COO, L&T Finance, said: “With this strategic tie-up with AMW, we feel that the potential of owning a quality portfolio by the transport community will get a real boost.”

Photograph: A Ramasubramanian, president, AMW Motors, and G C Rangan, COO, L&T Finance, announce the tie-up.