Commercial vehicle manufacturer forms strategic agreements with three finance companies to streamline loan processes for customers in mining, infrastructure, and transport sectors.
04 Jun 2025 | 925 Views | By Angitha Suresh
Scania Commercial Vehicles India announced partnerships with multiple financial services providers on June 4, 2025, aimed at improving financing accessibility for customers across mining, infrastructure, and transport industries. The collaboration integrates financial solutions directly into the vehicle purchase process.
The Swedish commercial vehicle manufacturer has signed agreements with True ...
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Scania Commercial Vehicles India announced partnerships with multiple financial services providers on June 4, 2025, aimed at improving financing accessibility for customers across mining, infrastructure, and transport industries. The collaboration integrates financial solutions directly into the vehicle purchase process.
The Swedish commercial vehicle manufacturer has signed agreements with True Blue Asset Services (Hyderabad), CorpCare Investech Private Limited (Mumbai), and Connect Residuary Private Limited (Mumbai). These partnerships provide Scania customers access to a broader range of financing options through each partner's network of financial institutions.
The new arrangements offer streamlined documentation processes, faster loan approvals, and reduced processing times. Customers will have access to structured EMI plans, leasing models, and flexible repayment terms designed for off-road and heavy-duty commercial vehicles.
"Our customers operate in some of the most demanding sectors of the economy. Access to fast, flexible financing should never be a barrier to progress," said Silvio Munhoz, Managing Director of Scania Commercial Vehicles India. The initiative supports the company's Solutions Sales growth strategy while addressing customer financing challenges.
Scania established its Indian operations in 2007, focusing primarily on mining and construction segments. The company operates a manufacturing facility in Narasapura, Karnataka, spanning 37 acres with a production center covering 125,794 square feet. The facility serves as a regional production hub for the company's operations in India.
The financing partnerships represent part of Scania's customer-focused approach in India's commercial vehicle market. The company works with mining dealer PPS Motors and maintains a service network supported by its Nagpur warehouse to ensure parts availability and service delivery across the country.
Scania Commercial Vehicles AB, the parent company, operates in over 100 countries with more than 50,000 employees globally. The company supplies engines for industrial, marine, and power generation applications while maintaining focus on sustainable transport solutions, including vehicles capable of running on alternative and renewable fuels.