HSBC, Rancon Motors sign deal on interest-free car loan
Star Business Report
The Hongkong and Shanghai Banking Corporation Ltd (HSBC) in Bangladesh and Rancon Motors Ltd signed a memorandum of understanding (MoU) in Dhaka yesterday on selling Mercedes-Benz vehicles to be financed by HSBC.Under the MoU, customers can purchase Mercedes-Benz vehicles from Rancon Motors Ltd, general distributor of DaimlerChrysler, Germany, through HSBC car loan at zero percent interest for the first year. The campaign will run from this month until June next year. Mamoon Mahmood Shah, manager, Personal Financial Services of HSBC in Bangladesh, and Romo Rouf Chowdhury, managing director of Rancon Motors Ltd, signed the agreement on behalf of their organisations at Rancon showroom in Dhaka. David JH Griffiths, chief executive officer of HSBC; Vikas Kumaria, divisional manager, DaimlerChrysler; CA Hafiz, general manager, Automotive Division of Rangs Group; Muneer Hussain, manager, Marketing & Public Relations of HSBC; and Faizan Khan, manager & head of Operation, Rancon Motors Ltd, were present at the function. Rancon Motors Ltd has sold 135 Mercedes-Benz vehicles since June 2002. The prices of the vehicles are between Tk 50 lakh and Tk 1.5 crore. The company has been awarded for Best Sales Performance in South Asia from DaimlerChrysler.
|
|
