Tata Motors partners South Indian Bank for vehicle finance

02 May 2024 CW Team

Tata Motors announced that it had entered into a partnership with South Indian Bank to provide financing solutions to its commercial vehicle customers and dealerships. According to a statement released by Tata Motors, South Indian Bank will offer financing solutions for Tata Motors' entire commercial vehicle portfolio as part of the Memorandum of Understanding (MoU).

Rajesh Kaul, Vice President & Business Head Trucks at Tata Motors Commercial Vehicles, stated that facilitating easy access to financing solutions for commercial vehicles is a primary concern for their customers. He further expressed that the collaboration aims to empower fleet owners and dealerships to accomplish their business objectives.

Tata Motors offers a wide range of cargo vehicles ranging from sub 1-tonne to 55-tonne capacities, as well as mass mobility solutions ranging from 10-seater to 51-seater capacities, covering small commercial vehicles, pickups, trucks, and buses.

P R Seshadri, Managing Director & CEO of South Indian Bank, remarked that their partnership with Tata Motors allows them to provide seamless vehicle financing solutions to commercial vehicle dealers and customers.

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