The second largest automaker in the country, Hyundai Motors has tied up for vehicle finance with Punjab National Bank and Oriental Bank of Commerce.

The automaker has signed MoU with these banks whereby both banks as well as Hyundai would be sharing their customer database to increase the vehicle finance segment.

"We are pleased to announce this partnership with the Oriental Bank of Commerce, one of the prominent and leading banks in India. This association will help us reach out to more customers with easy finance options to buy our cars," Hyundai Motor India Ltd (HMIL) Director (Marketing and Sales) Arvind Saxena said.

Hyundai Motors also said that the sports utility vehicle recently introduced by it has received 535 bookings within two weeks of its introduction in the Indian market.

"The globally acclaimed luxury Santa Fe has class leading features and our Indian customers have received this SUV with unparalleled enthusiasm and affection. Looking at the initial customer response, we might even consider importing larger numbers for the next year," HMIL Managing Director and CEO H W Park said.