Our client is an Indian multinational automobile market leader in the bus segment, and the third largest manufacturer of buses in the world. It is the second largest commercial vehicle company in India in the medium and heavy commercial vehicle (M&HCV) segment, and the third largest manufacturer of trucks in the world. In India the client operates from nine plants with more than 500 vendors’ network base which includes dealers, suppliers, SMEs, etc. The client also makes spare parts and engines for industrial and marine applications.
Our client, over many years built a laerge network of dealers and vendors including SME Vendors. Many of these were key strategic vendor relationships built and nurtured over time. The client recognized that this network constituted not just a valuable asset, but also a key competitive advantage. A key constraint in a manufacturing-focused industry was access to working capital, at affordable rates, with minimal effort, and our client wanted to make working capital accessible for its vendor, reduce risk, create manufacturing capacity and keep their vendors financially secure.
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Last modified: July 2, 2024