Maruti Suzuki India Limited announced signing of `Preferred Financier' MoU (Memorandum of Understanding) agreement with Bank of Baroda. The MoU was signed between Mr. P S Jayakumar, MD & CEO, Bank of Baroda and Mr. Shashank Srivastava, Executive Director, Marketing and Sales, Maruti Suzuki India Limited. Present at the occasion were Mr. Ajay Seth, Senior Executive Director & CFO, Maruti Suzuki India Limited and other senior officials from both the organizations.

The partnership with Bank of Baroda will allow Maruti Suzuki to provide more comprehensive financing opportunities for dealers as well as customers. The dealer inventory financing will be done as per bank of Baroda's existing product program of Supply Chain Finance.