Religare Finvest to finance LCVs with Kumar Motors

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New Delhi, Apr 17 (UNI) Religare Finvest Ltd (RFL), a subsidiary of Religare Enterprises Ltd, today said it has entered into a partnership with Kumar Motors for financing light commercial vehicles (LCVs) in Tamil Nadu, Karnataka and Andhra Pradesh.

''The partnership will be on an 'exclusive' basis, for both Kumar Motors and Religare Finvest, in the category of LCVs (three- wheeler category). The term for the contract is one year, subject to renewal,'' a statement said here.

RFL will provide funding to the customers of Kumar Motors in Tamil Nadu, Kanataka and Andhra Pradesh, through its existing dealer network and will then be taken forward for a pan-India presence, the statement added.

UNI SG AK KN1838

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