New Delhi, Feb 11 (PTI) Kia Motors Monday said it has tied up with Axis Bank for banking and financing solutions. Also Read - Monsoon Session Day 2: Lok Sabha Passes Essential Commodities Bill to Raise Farmer Income, Boost Agri Sector | Highlights

As a part of this agreement, the private sector lender will now offer one-stop banking and financing solutions such as inventory funding, cash credit, auto loans and fast tags to the dealers and customers of Kia Motors. Also Read - 'Jammu And Kashmir to Reopen For Tourism Soon', Says J&K Administration

“This partnership with Axis Bank is in line with our endeavours to ensure an enjoyable and hassle-free ownership experience for our customers,” Kia Motors India Executive Director and Chief Sales Officer Yong S Kim said in a statement. Also Read - COVID-19: Centre Announces Guidelines For Unlock 2, Lockdown Till July 31 in Containment Zones

Axis Bank President and Head, Small and Medium Enterprises, JP Singh said the bank will offer services to the dealers and customers of Kia Motors, by providing solutions for their financing and payment needs, supported via its technology-enabled platform.

The bank will offer these services pan India through its 3,964 branches.

Kia Motors plans to launch its first model in India later this year.

This is published unedited from the PTI feed.