TKM partners with UCO Bank for financing solutions￼
Karnal, Sep 8, 2022: Toyota Kirloskar Motor (TKM) has announced the signing of a Memorandum of Understanding (MoU) with the UCO Bank. Envisaged to enable more and more customers further access to Toyota’s world-class products and services, this partnership will benefit customers from not only Tier I markets, but across all states and union territories, with higher focus on Tier II & Tier III markets.
Through its foray into the A&B-segment with new model launches like the Cool New Glanza, Urban Cruiser and the recently unveiled Urban Cruiser Hyryder, TKM has had a sustained focus on expanding its footprints across India with special focus on Tier II & III markets. This new tie-up will fortify TKM’s efforts to enhance value-added offerings for customers based in Tier II & III markets. Thereby, also ensuring customers’ easy accessibility to the complete range of vehicles sold by Toyota Kirloskar Motor in India.
Satya Ranjan Panda, GM – Marketing, UCO Bank, said, “We are excited to collaborate with Toyota Kirloskar Motor as they are one of the leading car manufacturers. With this new partnership, we are confident in reaching out to our customer base in Tier I, II & III cities and towns through our huge network of over 3,000 branches”.
Atul Sood, AVP, Sales, TKM, said, “There is a great demand for Toyota vehicles in rural markets, and we are determined to meet the growing surge and improve the sales experience of our customers across the country. UCO Bank’s network will help us identify new customers.”