Hero MotoCorp, muthoot Pappachan Group tie up

Hero MotoCorp Ltd has tied up with Muthoot Capital Services Ltd (MCSL), a division of Muthoot Pappachan Group, to offer instant ‘Need based Financial Services' for its two-wheeler customers. The tie-up will enable Hero MotoCorp offer its products in the semi-urban and rural markets using the services of Muthoot Pappachan Group's retail outlets and dedicated manpower at every Hero MotoCorp Dealer/authorised outlets of Kerala, Tamil Nadu, Andhra Pradesh, Karnataka and Goa. MCSL and Hero MotoCorp Ltd will work closely to bring in operational efficiency, optimise the turn around time (TAT) and enhance customer satisfaction. The financing option will be offered to customers purchasing two-wheelers at the authorised Hero MotoCorp retail outlets on EMI under the innovative flexi repayment options.

Mr R. Balakrishnan, Vice-President of Muthoot Capital Services Ltd division, said the two-wheeler segments is picking up quite well despite the difficult market conditions, and the company is looking at having a decisive stake in this growing auto finance segment in this region.