Maruti Suzuki India Limited has signed a memorandum of understanding with Uttar Pradesh Gramin Bank to provide retail financing solutions for vehicles. The partnership represents a significant expansion of Maruti Suzuki’s financing network, bringing its total number of retail finance partners to 50.
The collaboration will offer financing options for new cars, pre-owned vehicles, and commercial vehicles. The partnership aims to make vehicle ownership more accessible and affordable for customers across India, particularly those in rural and semi-urban areas served by the regional bank.
Uttar Pradesh Gramin Bank, formed in May 2025 through the merger of three regional rural banks, operates over 4,300 branches across Uttar Pradesh. The bank is sponsored by Bank of Baroda and serves as India’s largest regional rural bank.
The agreement was formalized in the presence of Partho Banerjee, Senior Executive Officer for Marketing and Sales at Maruti Suzuki, and Yadav S. Thakur, Chairman of Uttar Pradesh Gramin Bank, along with senior officials from both organizations.
Banerjee emphasized the company’s commitment to simplifying car ownership through competitive and customer-friendly financing solutions. The partnership is designed to enhance the purchase experience by providing tailored finance options that meet diverse customer needs.
Thakur described the collaboration as aligned with the bank’s customer-first mission, noting that it would help individuals and families realize their aspirations of vehicle ownership through accessible financing solutions.
Maruti Suzuki operates a network of over 4,500 sales outlets and 5,500 service centers across India. The company manufactures 18 vehicle models across various price segments, with an annual production capacity of 2.6 million units.