A New Initiative by State Bank of India and Tata Motors to Light Up the Festive Season

State Bank of India and Tata Motors unites to offer Electronic Dealer Finance Program to authorised Tata passenger electric vehicle dealers this festive season.

To make the coming festive season special for everyone, Tata Motors, India’s leading automotive manufacturer join hands with State Bank of India, India’s largest bank, to provide e-DFS i.e. Electronic Dealer Finance solution to its authorised passenger EV dealers. To make the coming festive season special for everyone, Tata Motors, India’s leading automotive manufacturer join hands with State Bank of India, India’s largest bank, to provide e-DFS i.e. Electronic Dealer Finance solution to its authorised passenger EV dealers. 

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Mr. Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles Ltd., and Tata Passenger Electric Mobility Ltd. commented on the rollout of this scheme offer saying that they came out with this scheme to ensure faster EV adoption in India. He also added that this partnership with SBI will help them to reach what they are aiming for as the bank has an extensive network and is a respected institution. Tata Motors has been revolutionising the Indian automotive market with its pioneering efforts and is leading the e-mobility wave in India with a commanding market share of 89% in Q1 FY23. India currently has over 30,000 Tata EVs on road in personal and fleet segments.