Cholamandalam Investment and Finance Company, a pan-Indian, composite financial services provider, and Eicher Polaris has entered into a strategic agreement to extend finance to Multix consumers. 

Eicher Polaris has recently launched Multix, India's first Personal Utility Vehicle, targeted at 'Independent Businessmen'.

Through this partnership, Chola intends to offer convenient, quick and easy access to attractive vehicle financing options to prospective Multix's customers across India.

On entering into an agreement with Eicher Polaris, Chola becomes a preferred financier for Multix. With this, auto retail finance for Multix will now be available throughout the 534 branches of Chola and at all proposed dealerships of Multix across India.

Shares of the company declined Rs 7.95, or 1.11%, to trade at Rs 709.05. The total volume of shares traded was 4,065 at the BSE (1.36 p.m., Monday).