Mumbai, Dec. 30 -- Maruti Suzuki India, the country's largest passenger vehicle manufacturer, has signed a Memorandum of Understanding (MoU) with Kerala Grameena Bank to establish a vehicle financing partnership.

The agreement is designed to provide retail finance for new cars, pre-owned vehicles and commercial models. This collaboration aims to offer credit options to a wider customer base across Kerala, specifically targeting rural and semi-urban demographics.

The partnership integrates Maruti Suzuki's dealership network with the bank's regional presence to provide finance solutions across the manufacturer's entire model range. The agreement seeks to assist first-time buyers and entrepreneurs by offering loan products for personal and...