Daimler and Bajaj Finance collabs to enhance CV financing solutions

Daimler India Commercial Vehicles (DICV) and Bajaj Finance have teamed up to provide customised, accessible financing solutions for commercial vehicle clients, boosting business growth and market expansion.

Daimler India Commercial Vehicles (DICV), a wholly-owned subsidiary of Daimler Truck AG (“Daimler Truck”), has announced a strategic partnership with Bajaj Finance, a member of the Bajaj Finserv Group, one of India’s largest financial conglomerates, to provide tailored financing solutions to its commercial vehicle customers and dealerships. This agreement aims to improve the accessibility and ease of financing alternatives throughout DICV’s commercial vehicle portfolio.

According to the Memorandum of Understanding (MoU) inked by DICV and Bajaj Finance, innovative financial products will be specifically created to address the diversified demands of DICV’s growing client base, providing greater flexibility for businesses wishing to purchase commercial vehicles.

Sreeram Venkateswaran, President & Chief Business Officer, Daimler India Commercial Vehicles, says, “We are delighted to partner with Bajaj Finance, as this enables us to offer enhanced and accessible financing solutions to our customers. This collaboration strengthens DICV’s ability to provide superior Total Cost of Ownership (TCO), representing a significant advancement in our commitment to deliver exceptional value and support. This partnership helps our customers grow their businesses with confidence and capitalise on new market opportunities.”

The alliance will provide consumer-focused finance solutions, including speedier loan approval turnaround times, simpler credit appraisal processes, and customised financing choices to meet a variety of customer demands. Bajaj Credit will offer a wide choice of credit products with adjustable terms and conditions to meet various company needs. This collaboration’s increased accessibility and simplicity will improve access to money for fleet owners and dealerships, delivering a smooth and hassle-free financing experience.

Commenting on this partnership, Anup Saha, Deputy Managing Director of Bajaj Finance, says, “Our partnership with Daimler India Commercial Vehicles is unique and set to redefine the customer experience in the commercial vehicle financing space.  We are rolling out bespoke solutions for various customers, from single truck owners to fleet operators, providing them with flexible financing options designed to optimise their cash flows and fuel their business growth. Our digital solutions, leveraging the India Stack, make the experience of owning commercial vehicles swift and seamless. The commercial vehicle industry is showing immense promise. Daimler’s state-of-the-art products and the tech-led financing experience of Bajaj Finance will empower small and large fleet owners alike. The partnership will enable us to jointly contribute to the growth of India’s logistics and transportation sectors.”

Bajaj Finance may use the increasing DICV network to enter new markets and customer categories, greatly expanding its presence and improving its market penetration capabilities. Through this strategic agreement, DICV and Bajaj Finance are set to create considerable value for their customers by providing new financial products and services that improve business efficiency and growth.

For more information, visit: https://asia.daimlertruck.com/en/