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Honda Cars India Ltd partnered with Canara Bank

Published on August 25, 2021
Current Context: Honda Cars India Ltd (HCIL) has entered into a partnership with Canara Bank.
Honda Cars India Ltd partnered with Canara Bank
  • They have partnered to provide retail finance schemes to customers of HCIL.
  • Due to this partnership, the customers of HCIL will be able to opt for easy finance features while purchasing the car models of Honda like Amaze, City, Jazz and WR-V.
  • In order to make the car buying season even more attractive and rewarding especially during festive seasons, both entities will be launching special schemes.
  • The Canara bank will offer an attractive rate of interest, concession in rate of interest to women buyers, minimum processing charges for loans and maximum loan quantum- up to 90% of the total value of the car inclusive of registration, life tax, accessories, etc. to the customers of HCIL.
  • Static Part: 
    • HQ of Honda Motor Company, Ltd: Tokyo, Japan
    • HQ of Canara Bank: Bengaluru
    • Tagline of Canara Bank: Together We Can
    • CEO of Canara Bank: Lingam Venkat Prabhakar


Q.1 Recently with which bank has Honda Cars India Ltd entered into a partnership to provide retail finance schemes to its customers?
a. Canara Bank
b. Federal Bank
c. Karnataka Bank
d. UCO Bank

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