The agreement will help provide loans for the entire range of AMW vehicles such as tippers, the new AMW haulage range and other special purpose vehicles, AMW Motors said in a statement.
Commercial vehicles maker AMW Motors today has tied up with L&T Finance to provide retail financing options for its range of medium and heavy haulage vehicles and tippers, the company said today.
The agreement will help provide loans for the entire range of AMW vehicles such as tippers, the new AMW haulage range and other special purpose vehicles, AMW Motors said in a statement.
Also Read: L&T Finance offer for sale over-subscribed
"We are privileged to be associated with L&T Finance and are confident that this tie-up will generate increased volumes for AMW and better overall productivity for customers," AMW Motors President A Ramasubramanian said. L&T Finance COO GC Rangan said the strategic tie-up with AMW will give transport community a real boost.
"It is our continuous endeavour to make availability of finance more convenient and customer friendly and with this partnership, we believe, we will be able to help people in buying their choice of commercial vehicle," he added. AMW sells trucks ranging from 16 to 49 tonnes.
L&T Finance stock price
On June 25, 2014, L&T Finance Holdings closed at Rs 73.35, up Rs 0.30, or 0.41 percent. The 52-week high of the share was Rs 88.35 and the 52-week low was Rs 53.00.
The company's trailing 12-month (TTM) EPS was at Rs 1.14 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 64.34. The latest book value of the company is Rs 20.55 per share. At current value, the price-to-book value of the company is 3.57.
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