Global Amity

Honda Malaysia has signed an agreement with Maybank for an enhanced automotive business solution to facilitate the provision of a comprehensive range of financial services, Bernama reports.

Maybank said in a statement that the agreement, the first of its kind among automotive companies in Malaysia, covered the entire supply chain, from car manufacturing, distribution, retailing and after-sales services for its suppliers, dealers and customers.

The bank’s head of community financial services, Hamirullah Boorhan, said the tie-up would benefit Honda dealers as it will allow them to enjoy convenient physical, electronic and mobile access to the entire suite of banking products and services from Malaysia’s largest lender.

The products and services offered will include floor stocking financing, hire purchase, credit card merchants, cash management, Distributor-Supplier Financing packages, MaxiPlan, personal and business insurance coverage and access to online banking services.

“With their banking and financing needs being taken care of by Maybank, we are sure that the dealers can then focus on business development and sales, leading to better overall efficiency and profitability,” he said.

The partnership also covers joint efforts to establish larger business extensions and elevate operational efficiencies for Honda customers and its network for faster delivery of business solutions.