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Due to wake of rising COVID cases across PAN India, we are trying our best to keep our call centers open to serve you . However we are experiencing a surge in call volumes. We request your patience if you are trying to reach us.
We know it must be frustrating for you not to get an immediate response or to be on hold for a long period. Our sincere apologies for keeping you waiting. Our branches are however operational in most locations and ready to serve you. Please be assured that we are trying our best to continue serving you.
We wish you, your family and friends a safe and healthy environment.
Customers should not respond to any messages or call asking for the OTP to avail offers or for payment of their EMI’s.
Please ensure that you collect valid money receipts for all your payment transactions immediately OR get an SMS acknowledgment receipt on payment.
Thanking you and assuring our best services always.
COMMERCIAL VEHICLES
Commercial vehicles are a large segment of our business, representing more than 28% of our disbursals. From within our 21 operating states, we drew nearly Rs. 2,076 crore in the commercial vehicle segment. We work directly with manufacturers, dealers and marketing directors at TATA, Eicher and Ashok Leyland to bring the highest standards in the industry even to the smallest businesses. We help train partner dealers employees to understand our products as well as their own to streamline the sales process. We get involved in the financing process from beginning to end. Our dedicated sales people and collection agents on the ground ensure that payments get through quickly. Our customised commercial vehicles loan tenures and our geographic reach into rural and semi-urban areas have made us leaders in our field. In the 2010-11 fiscal year, Magma’s commercial vehicle segment outpaced growth in the industry overall, growing 36% against general industry growth of 27%. Magma has become a preferred financing partner for major commercial vehicle manufacturers like Tata Motors, Mahindra & Mahindra, Ashok Leyland, Volvo and Eicher Motors.