Wells Fargo Commercial Distribution Finance has been named as the preferred floorplan financing source for Mahindra Vehicle Service & Sales in the United States and Canada. As part of the multi-year agreement, CDF will leverage over 40 years of powersports experience to deliver competitive programs, analytics and insights in support of Mahindra’s dealer development efforts.
Mahindra Vehicle Service & Sales is a subsidiary Mahindra & Mahindra, a vehicle manufacturing conglomerate based in India. The company plans to introduce the ROXOR, a multi-purpose utility vehicle that will be in manufactured in Detroit, in early Spring 2018.
“CDF is honored to be chosen as the preferred floorplan source for Mahindra as they bring this one of a kind vehicle to the North American markets,” said Jeremy Jansen, motorsports president at Wells Fargo CDF. “We are proud to support Mahindra in their significant commitment to manufacture and assemble powersports product in America’s automotive heartland.”
“In selecting a floorplan financing provider, we sought to work with a proven leader that has an established dedication to the powersports sector,” said Luc de Gaspe Beaubien of Mahindra. “CDF’s domain expertise and proven staying power in the industry will be an invaluable asset in allowing us to meet our long-term business goals in North America.”