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Toyota Kirloskar Motor Sign MoU With UCO Bank

Toyota Partner With UCO Bank To Offer Financing Options | V3Cars

Toyota Kirloskar Motor have partnered with UCO Bank to offer financing options to customers. The car manufacturer recently announced the signing of a memorandum of understanding (MoU) with the bank. The brand said that this partnership will have a higher focus on Tier II and Tier III markets along with the Tier I market.

Toyota

Toyota Motors recently revealed the prices of the strong hybrid variants of the Hyryder C-SUV. The prices of the strong hybrid variants of the SUV start from Rs. 15.11 lakh and go up to Rs. 19.0 lakh (ex-showroom). On the other hand, the automatic transmission variant of the Hyryder mild-hybrid top-spec variant costs Rs. 17.09 lakh (ex-showroom).

Note: Check your Car EMI with our - Car Loan EMI Calculator

The Toyota Hyryder is offered with a choice of 2 petrol engines — a 1.5L mild hybrid petrol and a 1.5L hybrid petrol engine. The 4-cylinder 1.5L mild hybrid petrol engine makes 102PS of power at 6000rpm and 135Nm of torque at 4000rpm. This engine is available with a 5-speed manual and a 6-speed TC automatic transmission. There is also an option of a 4-wheel-drive system with this powertrain. The 1.5L hybrid petrol engine makes 116PS of power and 141Nm of torque. This engine is available with an e-CVT automatic transmission.

Also Read: Toyota Hyryder Launched In India - Prices, Specs, Variants And Top Features

Sharing his view on the tie-up, Mr. Satya Ranjan Panda, General Manager, Marketing & Wealth Management Dept., UCO Bank, said, “We are excited to collaborate with Toyota Kirloskar Motor as they are one of the leading car manufacturers. With this new partnership, we are confident in reaching out to our customer base in Tier I, II & III cities and towns through our huge network of over 3,000 branches.”

Mr. S K Sankhyan, General Manager, Retail Banking Dept., UCO Bank, stated, “We are sure the tie-up will result in a quick and seamless purchasing experience for our existing customers who plan to purchase a Toyota. It also marks the beginning of an exciting phase in the relationship between UCO Bank and Toyota Kirloskar Motor towards serving customers together.”

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Talking about the new partnership, Mr. Atul Sood, Associate Vice President, Sales, and Strategic Marketing, TKM, said, “Following our successful foray into the A&B-segment, there is a great demand for Toyota vehicles in rural markets, and we are determined to meet the growing surge and improve the sales experience of our customers across the country. As a customer centric company, we have always innovated to provide unique and attractive financial schemes & offers to our customer to ensure that they enjoy easy access to our world-class line-up of Toyota vehicles in India. UCO Bank’s wide network, and database utilization will help us identify new customers and we hope to build on our individual strengths to create the best solutions for our esteemed customers, together.”

Also Read: Why Should You Buy Maruti Suzuki Grand Vitara Strong Hybrid?

ABOUT THE AUTHOR

Mohammad Osaaf

In the age of SUVs and crossovers, it's the traditional, 3-box sleeper sedans that excite him the most. All it needs is a punchy engine, a tight chassis and everyday practicality. Skoda Octavia VRS and BMW M5 are his favourites.

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