Mumbai, May 19 -- Mumbai-headquartered automotive major Mahindra & Mahindra and DBS Bank India have signed a Memorandum of Understanding (MoU) to introduce a sustainability-linked dealer financing program. The initiative provides preferential interest rates on vehicle inventory loans to authorised dealers that meet environmental, social and governance (ESG) performance criteria.

The framework operates in conjunction with Mahindra's Green Dealership Program to evaluate dealership locations against specific metrics. These operational parameters include the monitoring of greenhouse gas emissions, water consumption levels, deployment of renewable energy sources, implementation of rainwater harvesting systems and waste management practices. T...