Mahindra & Mahindra’s Farm Equipment Sector, the world’s largest tractor manufacturer by volume, has tied up with the State Bank of India (SBI) to provide easy loan options for its tractors and farm machinery products across India.
Customers can visit the nearest Mahindra Tractor dealership to avail of financing options on its range of tractors and farm machinery or visit the nearest SBI branch to initiate the application process.
Hemant Sikka, President – Farm Equipment Sector, Mahindra
Shantanu Pendsey, CGM – Agri Business Unit and Government Sponsored Schemes, SBI said, “Technology plays a major role in increasing farmers’ productivity, as well as incomes and we at SBI, aim to deliver the best financial solutions to farmers to buy the best farm equipment solutions available in the country. Our partnership with Mahindra will ensure sale of farm equipment through one of the widest networks of touchpoints across the country, bringing ease and convenience into the lives of farmers through a range of our tailor-made finance schemes.”
State Bank of India
Mahindra has seven manufacturing centres in India, with over 1,100 tractor and farm machinery dealerships across the country. It has a global manufacturing and assembly presence worldwide in North America, Brazil, Mexico, Finland, Turkey and Japan through subsidiaries.