DLL and Mahindra Financial Services to extend joint venture in US

DLL, a financial solutions provider owned by Rabobank Group, has signed an agreement with Mahindra & Mahindra Financial Services Limited (MMFSL) to extend their long-standing joint venture in the US.

The joint venture dubbed Mahindra Finance USA provides retail and wholesale financing in the US for Mahindra Ag North America (MAgNA), which is engaged in assembling and distributing tractors, side-by-sides, and implements in North America.

DLL and MMFSL are said to have a combined experience of over 60 years in financial services and equipment lending.

Tom Meredith — DLL Chief Commercial Officer and Executive Board Member said: “We are delighted to extend our JV agreement with Mahindra & Mahindra Financial Services.

“By signing this agreement, we can continue to provide Mahindra, its dealers, and end customers with competitive and effective financing options to meet their needs.”

Apart from the joint venture agreement, Mahindra Finance USA and MAgNA will extend their program and support agreement for retail and wholesale financing in the US.

Viren Popli — President and CEO of Mahindra Ag North America and Mahindra Automotive North America said: “MAgNA’s association with Mahindra Finance USA and DLL has resulted in providing a complete financing solution for our dealers and customers. They bring experience, value, and exceptional service to our customers with a strong focus on product offerings and technology.

“We look forward to collaborating with MFUSA to continue growing our business in this strong retail market.”