DIMO renews buyback agreement with Sarvodaya Development Finance PLC

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Sarvodaya Development Finance PLC (SDF) has entered into an MOU with DIMO to provide attractive leasing rates and low down-payments exclusively to the agricultural sector, through a special finance scheme, for the third consecutive year, along with a host of other exclusive benefits.

This partnership will position SDF as the preferred financial partner for new and existing customers looking to finance all Mahindra and Swaraj tractors and Lovol and CLASS Combined Harvesters imported and sold by DIMO to its customers for agricultural purposes.

 A buyback-offer from DIMO, for the tractors sold by SDF, under certain conditions, is another attractive and valuable benefit created by this partnership, which was initially entered into in 2019 and has since been extended annually, this year for a 3rd time. The MoU formalising the partnership was signed recently at a small ceremony with top officials from both SDF and DIMO present.

In addition to lower rates, new and existing SDF customers who obtain leases under the above partnership and special finance facility will also enjoy benefits such as a comprehensive 2-year warranty for the products, along with a further 2-year extended warranty for Mahindra and Swaraj tractors.