As a value add to its already existing partnership with JCB India and as part of the nationwide ‘Azadi Ka Amrit Mahotsav’ (75 years of Independence) celebrations, Cholamandalam Investment and Finance Company Ltd (Chola), the financial services arm of Murugappa Group, has announced an exclusive finance scheme with JCB India Ltd wherein JCB customers can benefit from easy and attractive loan offering.
Chola is the preferred financier for JCB’s entire range of construction equipment and machinery since 2017. Chola has customized its products and offerings to suit the needs of JCB’s customers.
Ravindra Kumar Kundu, Executive Director, Cholamandalam Investment and Finance Company Ltd said, “We are happy to be further strengthening our already existing partnership with JCB on the occasion of 75 glorious years of India’s independence, which is a proud moment for each and every citizen of our country. India is today undergoing massive development wherein the infrastructure sector is a key driver for the Indian economy. This sector is highly important for propelling India’s overall development and enjoys intense focus from the Government in terms of policies that would ensure time-bound creation of world class infrastructure in the country, be it power, bridges, dams, roads or urban infrastructure development. JCB’s culture of innovation and excellence, which reflects in their products, will continue to bring added value to our customers. Our alliance with JCB is also in line with our continuous endeavour in enabling our customers to ‘Enter a Better Life’.”
“We are very proud that JCB products have contributed significantly to the building of Infrastructure in the country. Our Customers have always reposed their faith in us and we will continue to work towards giving them the Industry’s finest ownership experience. Chola has been our preferred partner and our association with them goes back to 2017. JCB has over 700 dealer outlets and with Chola’s 1148 branches we will work together on this special LTV offer for our customers so that they can avail the best possible benefits for their equipment financing needs. Together, JCB and Chola will continue to explore growth in the construction equipment and machinery business in the country,” said Deepak Shetty, CEO and Managing Director, JCB India Ltd.
JCB India has a wide range of equipment for its customers. The company has positioned itself to play a pro-active role in improving the productivity of its customers in the construction equipment sector. JCB’s machines have been contributing to the development of infrastructure in India for over four decades and it provides a solution-based support for its products by providing training of manpower, monitoring, parts back up and service support.
Over the past two and a half decades, Chola has created value for its customers by supporting them in becoming entrepreneurs in the field of commercial transportation. The company has financed over 19 lakh satisfied customers and increasing every month. Chola enjoys a valued and stable relationship with manufacturers and dealers, which is one of the key reasons why it is a leader in the commercial vehicle segment.