Two-wheeler maker Hero Honda Motors has entered into an agreement with Andhra Bank to offer financing support for buyers of their products.
The motorbike company plans to take advantage of the large network of bank branches.
Of the 1,389 branches, the bank has 980 of them in Andhra Pradesh.
Hero Honda and Andhra Bank have signed up to support two-wheeler buyers, including in the rural parts of the State.
The tie-up is particularly aimed at those in the farm sector, salaried employees and institutional customers.
Buyers can avail themselves of loan up to 90 per cent on the road price.
The Zonal Head (South), Hero Honda, Mr S.V. Shetty, in a statement said Hero Honda has a network of 51 dealerships and over 280 customer touch points in the State.
Even under challenging times, the company was able to register double digit growth in the State with a market share of about 68 per cent as on September.
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