Hero MotoCorp (HMCL), India's largest two-wheeler maker, is considering an option to extend financing facilities to its retail customers through Hero FinCorp. For this the company will foray into the retail finance business so that it can provide dedicated easy loan options to its potential customers. This step taken by the company will address the financing gap which would now provide easy funding to customers for the purchase of our two-wheelers.
The company already operates a financing arm - Hero FinCorp (formerly Hero Honda FinLease) - which currently has limited operations and supports some of its component suppliers and dealers by financing their working capital expenditure.
Recently, the company had tied-up with Italian two-wheeler design firm Engines Engineering to bring in next-generation product line-up.
Company Name | CMP |
---|---|
Bajaj Auto | 9418.35 |
Hero MotoCorp | 5495.00 |
TVS Motor | 2344.00 |
Eicher Motors | 4707.75 |
Atul Auto | 586.20 |
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