Tata Motors signs MoU with J&K Bank

Tata Motors has signed a two-year Memorandum of Understanding (MoU) with Jammu & Kashmir Bank, in a collaborative effort to bring attractive and easy financing options to its customers.

The beneficial offerings, arising out of this partnership, will be applicable across Tata Motors’ commercial vehicle range, said a press release.

The company will offer special points for joint customers of Tata Motors and J&K Bank on the purchase of its heavy, medium and intermediate trucks. J&K Bank will provide special Loan-to-Value ratios and extended tenure for all vehicle segments with competitive interest rates, added the release.

Mr. Girish Wagh, ED & President – Commercial Vehicle Business Unit, Tata Motors, said, “As the market leader in Jammu & Kashmir, we are elated to join forces with the largest bank in the Union Territory. This partnership, with J&K Bank, will go a great distance in easing the vehicle financing process for our customers.”

 Mr. RK Chhibber Chairman and Managing Director, J&K Bank, said, “As partnering with big and quality brands remains at the centre of J&K Bank’s strategic planning vis-a-vis customer gratification, we see arrangement with Tata Motors as an opportunity to ensure consistency in availability of wide ranging and quality end-to-end financial solutions to our customers.”