The Deal re-emphasizes YES BANK’s Supremacy as a Preferred Financial Partner for premium & luxury motorcycles in the Country~
Mumbai: October 04, 2016: YES BANK, India’s 5th largest private sector Bank, today signed a Memorandum of Understanding (MoU) with Ducati India, one of the most desired premium motorcycle brands , for its retail finance options for customers across all the dealerships.
The MoU was signed by Mr. Rajan Pental - Group Head Retail Lending YES BANK and Mr. Ravi Avalur - MD, Ducati India Pvt. Ltd.
This agreement establishes a strategic partnership between YES BANK and Ducati India in the areas for customer financing, YES BANK will offer multiple financial options to Ducati customers at the best options available today in the segment. Ducati currently has dealerships across Mumbai, Delhi NCR, Bangalore, Pune and Ahmedabad.
YES BANK being the leading financer for super bikes provides customized loan solution, at competitive interest rates with minimum documentation and the best in class service. YES BANK will offer financial options for the entire Ducati range including Diavel, Hypermotard, Monster, Multistrada, Scrambler and Superbike.
Commenting on the agreement Mr. Rajan Pental - Group Head Retail Lending YES BANK, “We are happy to be associated with Ducati India for providing financial assistance to its esteemed customers. As we have been the preferred financial partner for premium and luxury motorcycles in the country, I’m sure that this association will help us to re-establish our position in the segment. YES BANK’s high quality products and best in class services will help both the partners to generate good business propositions and offer the finest customer experience in the country.”
Ravi Avalur, Managing Director of Ducati India Pvt. Ltd. said: “We are excited to partner with YES BANK in India. This alliance enables us to make our motorcycles even more accessible to enthusiasts who want to experience the exhilaration of authentic Italian performance. We’re confident that the convenient finance options that YES BANK have created for our products will help us reach younger audiences and expand our Ducatisti family.”
Founded in 1926, Ducati has been producing sport-inspired motorcycles since 1946. Today, their motorcycles are characterized by performance engines with Desmodromic valve actuation, innovative design and avant-garde technology. Covering several market segments, Ducati's range of motorcycles is divided into model families which include: Diavel, Hypermotard, Monster, Multistrada, Scrambler, and Superbike.
These authentic icons of “made in Italy”, together with an extensive range of associated accessories and technical and lifestyle apparel, are distributed in over 80 countries around the world, with concentration on the European, North American and Asia-Pacific markets. In addition to the Bologna factory located in the Borgo Panigale area, Ducati has a plant in Thailand, which opened in 2011 and assembles motorcycles for the Asian market, and, since 2012, another in Brazil that assembles motorcycles for South America.
Ducati competes in both the World Superbike and MotoGP World Championships. In Superbike Ducati has won 17 Manufacturers' titles and 14 Riders' titles and in 2011 passed the historic milestone of 300 race victories. Ducati have participated in MotoGP since 2003, winning both the Manufacturers' and Riders' titles in 2007.
About YES BANK
YES BANK, India’s fourth largest private sector bank is a high quality, customer centric and service driven Bank. Since inception in 2004, YES BANK has grown into a ‘Full Service Commercial Bank’ providing a complete range of products, services and technology driven digital offerings, catering to corporate, MSME & retail customers. YES BANK operates its Investment banking, Merchant banking & Brokerage businesses through YES SECURITIES and its Mutual Fund business through YES Asset Management (India) Limited, both wholly owned subsidiaries of the Bank. Headquartered in Mumbai, it has a pan-India presence across all 29 states and 7 Union Territories in India including an IBU at GIFT City, and a Representative Office in Abu Dhabi.
For more information, please visit the Bank’s website at http://www.yesbank.in/