Cholamandalam Investment and Finance Company Limited (Chola), the financial services arm of the Murugappa Group, on Wednesday announced a strategic partnership with JCB India Limited, a leading manufacturer of earthmoving and construction equipment in the country.
As part of the agreement, Chola will commence financing of JCB's entire range of construction equipment and machinery and will customize its products and offerings to suit the needs of JCB's customers.
Speaking on the occasion, Chola Executive Vice Chairman and Managing Director N Srinivasan said "we are happy to be partnering with JCB.''
''India is today witnessing massive development wherein the infrastructure sector is a key driver for the Indian economy. JCB is a world leader and has state-of-the-art products on offer to the Indian customers'', he added.
JCB India MD and CEO Vipin Sondhi said "we look forward to a long standing alliance and are keen to work together with Chola in addition to our other finance partners.''
''Through this strategic partnership, our customers will be able to "expect more" and we will aim to give them the best product and finance experience in the industry''.
''JCB India was a full range infrastructure equipment partner and together we will explore opportunities of growth in the construction equipment sector in the country'', he added.UNI GV 1510
-- (UNI) -- C-1-1-DL0275-1169548.Xml