Caterpillar to offer new finance options in India

CATERPILLAR have entered into collaboration agreements with their Indian distributors (TIPL and GMMCO) and some of the country’s leading finance organizations, to support the sale of the full range of the company’s machinery and power systems in India.

Working with key infrastructure focused banks – ICICI, HDFC Bank, Tata Capital Services and Magma – Caterpillar India will offer customers competitive financial solutions for the purchase of construction equipment and power systems.

According to Kevin Thieneman, manager director – Caterpillar Asia, the move is part of the company’s commitment to enhance customer support in the Indian market.

‘This is another step that Caterpillar are taking to strengthen their support for customers in India,’ he commented. ‘This programme recognizes the unique demands of the marketplace and will be tailored to give our customers the level of financing support they would expect from a leading manufacturer of construction and mining equipment, engines, industrial gas turbines and diesel-electric locomotives.’