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AMW ties up with IndusInd Bank for Retail Financing

September 11, 2013

Mumbai: Indias third largest heavy commercial vehicle manufacturer, AMW Motors Ltd. AMW announced that the Company had entered into an agreement with IndusInd Bank for financing retail sales of its range of medium and heavy haulage vehicles and tippers.

Mr. A Ramasubramanian, President, AMW Motors said, This retail finance loan tie-up with IndusInd Bank will be a great boon to buyers with a good track record as they look to expanding and diversifying their fleet. AMW has an extremely loyal customer base and will avail of this scheme to grow their businesses.

AMWs expects that this agreement with Indusind Bank will help its sales offices and dealerships to reach out to more truck operators across the country and offer them a range of financing options.

IndusInd Bank is one of Indias leading private sector banks with over 530 branches across the country. The bank has a strong presence in the North, South and Eastern regions of India and has more than 10% market share in the commercial vehicle/ commercial equipment lending sector.

AMW Profile
AMW Motors (AMW) is India's third largest manufacturer of heavy commercial vehicles and has achieved a unique position in India's transportation sector through innovative engineering and customer orientation.

AMW is the fastest growing truck brand in India with an annual volume growth of over 100% for the last three years. In addition AMW has a dominant presence in the fast growing Tipper segment. Its vehicles are the preferred choice in the mining, construction and infrastructure sectors, where they operate under very arduous road and load conditions.

The company has a widespread and growing dealer and service network across India with 123 dealerships and over 1,500 touch points. This network includes sales and service centres, authorized service outlets, mobile vans, workshops and a 24X7 helpline called 'AMW Seva' which ensures a rapid response to customer needs.

Wide Product Range
AMW offers trucks ranging from 16 to 49 tons and has pioneered several segments in the Indian CV market. The AMW 49 ton model created the segment and was India's largest tractor-trailer at launch. In addition, AMW also created the construction and mining segments in the Indian CV market with its range of tippers.

AMW won the prestigious 'CV Maker of the Year Award' 2012 by Apollo-CV Magazine. In addition, AMW won the 'Truck of the Year' award from NDTV in January 2008. The company also received the coveted 'CV Innovation of the Year 2009-10' award for its 3123 model. AMW CV Applications was given the 'Truck Application Builder of the Year- 2010' award for its Tranztar brand of fully built vehicles.

Manufacturing Facilities
AMWs fully integrated manufacturing facility in Bhuj, Gujarat, has a planned capacity of 50,000 commercial vehicles per annum. The facilities include a fully integrated assembly line, contemporary cab and paint shops and world class testing facilities. AMW's 200-seat research centre focuses on research and development of new products and technologies that impact performance characteristics, safety, environment and comfort.

For additional information, please contact:

Mr Sadique Shaheedi
General Manager - Brand and Marketing
Phone:+91 22 33826161 / 6165

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