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Hyundai, India captures Vijaya Bank financing arm

India’s second largest car manufacturer, Hyundai, has announced a deal that will combine the public sector lender, Vijaya Bank together to offer car finance facilities for its customers.

India’s second largest car manufacturer, Hyundai, has announced a deal that will combine the public sector lender, Vijaya Bank together to offer car finance facilities for its customers.

Both companies have agreed under the Memorandum of Understanding that they will both take advantage of their qualities to sell finance for Hyundai cars.

Hyundai Motor India LTD, Director, Arvind Saxena said: "With this association, we will be able to reach out to a wider consumer base with better and easier finance options. Also, the competitive rates and easily accessible locations of the bank will surely benefit our customers."

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