On 25 March 2009, India's second largest car maker - Hyundai Motor India (HMIL), has announced its partnership with Public sector lender Bank of Baroda (BOB) to provide financing facility to its customers. The tie-up is extended to cover financing by all the branches of the bank in the country. BOB has over 2,900 branches and 1,179 ATMs across the country. The two partners will utilize each other’s strengths to cross sell Hyundai vehicles and the bank’s car loans and schemes for their mutual interest.

 

According to Arvind Saxena, Senior Vice-President (Marketing and Sales) of HMIL, now when there is slowdown in the auto industry, this association with BoB is an attempt to reach out with more finance options with rationalized interest rates for the benefit of the customers.  

The Tamil Chamber of Commerce has conferred the `EXIM Achievement Award` for 2007-08 to Hyundai Motor for its outstanding achievement in the export-import category. The car maker exports units to over 100 countries in European Union, Africa, Latin America, Middle East and South East Asia. Hyundai had earlier crossed the half million mark for exports in March 2008.