SML Mahindra Limited has entered into a Memorandum of Understanding (MoU) with Indian Bank to strengthen its dealer ecosystem through structured inventory funding support. Under the partnership, Indian Bank will extend working capital assistance to SML Mahindra’s authorised dealers through its Supply Chain Finance (SCF) platform, enabling smoother inventory funding at competitive and transparent terms.
The MoU was signed by Prashant Kumar, CGM – Marketing at SML Mahindra, and Jatinder Pal Singh Talwar, AGM – Indian Bank, FGMO Chandigarh. The collaboration marks a strategic step towards reinforcing dealer financing and improving liquidity support across the network.
The partnership is designed to simplify and accelerate access to finance for dealers by leveraging a fully digital financing process. By minimising traditional bottlenecks and paperwork, the initiative is expected to enhance operational efficiency and support business expansion across SML Mahindra’s nationwide dealer network, which comprises over 110 dealerships operating on a 3S format.
Through this collaboration, Indian Bank will offer customised channel finance solutions to SML Mahindra dealers via its online Supply Chain Finance platform. The digital platform enables seamless processing and management of inventory financing, improving turnaround times while enhancing transparency. Easier access to funds at favourable terms is expected to help dealers scale their operations, optimise inventory management and strengthen overall business performance.
Authorised SML Mahindra dealers interested in availing the financing facility can initiate the process by coordinating with the company’s dealer development team or the relevant business vertical at Indian Bank. Dealers will be required to complete standard KYC formalities and submit financial documents such as balance sheets and bank statements as part of the bank’s credit evaluation process.
This strategic partnership underlines SML Mahindra’s continued focus on empowering its dealer partners while aligning with the industry’s broader shift towards digital, efficient and scalable financing solutions.
