Maruti Suzuki Signs MoU with PNB to Strengthen Dealer Financing Network

Maruti Suzuki India Limited has taken a significant step to boost its extensive dealer network by partnering with Punjab National Bank. The two organisations signed a Memorandum of Understanding (MoU) to deliver customised inventory funding and better financing solutions, ensuring Maruti dealers across the country enjoy robust support for their working capital requirements.

MoU to Support Dealers’ Operational Growth

The newly inked agreement aims to streamline and strengthen the financial ecosystem for Maruti Suzuki dealers nationwide. At the MoU signing, senior leaders from both sides, Mr. Partho Banerjee, Mr. Tsuyoshi Takeshita, and Mr. Vishal Sharma from Maruti Suzuki, alongside PNB’s Mr. Ashok Chandra and other senior delegates, affirmed their commitment to dealer empowerment.

As per the press release, Mr. Partho Banerjee, Senior Executive Officer, Marketing & Sales, Maruti Suzuki India Limited, said, “Our dealer partners are integral to our success. This partnership with Punjab National Bank is a step forward in ensuring they have robust financial support to meet growing market demands. We believe this initiative will enhance their operational capabilities and contribute to overall customer satisfaction.”

Mr. Ashok Chandra, MD & CEO of Punjab National Bank, shared, “We are delighted to partner with Maruti Suzuki to offer tailored financing solutions to its extensive dealer network. PNB’s strong legacy in banking and commitment to innovation will ensure that dealers receive timely and efficient financial support to grow their businesses."

About Maruti Suzuki and PNB 

Maruti Suzuki India Limited is the country's leading passenger car manufacturer, with more than 4,000 sales and 5,000 service outlets and a line-up of 18 vehicles across segments. The company has an advanced R&D centre in Rohtak and a yearly production capacity of 26 lakh units, reinforcing its strong market position built on customer trust.

Punjab National Bank, established in 1894, operates over 10,000 branches and is recognised as one of India's oldest and most respected financial institutions, dedicated to supporting financial inclusion and national economic growth.

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Maruti Suzuki and PNB Share Price Performance 

As of August 14, 2025, at 9:39 AM, Maruti Suzuki India share price is trading at ₹12,925 per share, reflecting a gain of 0.71% from the previous closing price. Over the past month, the stock has gained by 3.28%.

As of August 14, 2025, at 9:41 AM, PNB share price is trading at ₹106.18 per share, reflecting a decline of 0.43% from the previous closing price. Over the past month, the stock has declined by 4.10%.

Conclusion

This strategic collaboration between Maruti Suzuki and Punjab National Bank promises to give Maruti dealers greater liquidity, quicker financing and a more efficient way to manage their inventory needs. With both organisations sharing a vision to empower the automotive ecosystem, the partnership is poised to foster growth and innovation for India’s mobility sector.

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