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TVS Motor pact with Andhra Bank

HYDERABAD: TVS Motor Company and Andhra Bank announced the launch of `TVS Chakra' a preferred two wheeler scheme enabling easy finance for two wheelers across Andhra Pradesh. A memorandum of understanding was exchanged by T. S. Narayanasami, Chairman, Andhra Bank, and R. Dilip, General Manager, Sales, TVS Motor Company, here on Tuesday.

According to a release, institutional buyers are offered interest rates of 9.25 per cent and retail customers 9.75 per cent. Loan period ranges from 12 months to 60 months. — Our Special Correspondent

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