SML Mahindra Limited has entered into a Memorandum of Understanding (MoU) with Indian Bank to strengthen its dealer ecosystem through inventory funding. Under this partnership, Indian Bank will provide working capital support to SML Mahindra’s authorised dealers through its Supply Chain Finance (SCF) platform, enabling smoother inventory funding on competitive terms.

The MoU was signed by Prashant Kumar, CGM – Marketing at SML Mahindra, and Jatinder Pal Singh Talwar, AGM – Indian Bank, FGMO Chandigarh, marking a key step in strengthening dealer financing support.

The collaboration is aimed at simplifying and accelerating access to finance for dealers by leveraging a fully digital process. By reducing traditional financing hurdles, the initiative is expected to support business expansion and operational efficiency across SML Mahindra’s nationwide dealer network, which spans over 110 dealerships (3S).

Key Highlights of the Partnership

Customised Channel Finance: Indian Bank will offer tailored working capital solutions to SML Mahindra dealers through its online Supply Chain Finance platform.

Digital Enablement: The platform allows seamless processing and management of inventory financing, improving turnaround times and transparency.

Dealer Growth Focus: Easy access to funds at favourable terms is expected to help dealers scale operations and manage inventory more effectively.

How Dealers Can Avail the Facility

Authorised SML Mahindra dealers interested in the financing program 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 documentation, such as balance sheets and bank statements, as part of the bank’s credit assessment process.

This strategic partnership reinforces SML Mahindra’s commitment to empowering its dealer partners while aligning with the broader industry shift toward digital, efficient financing solutions.