Tata Motors ties up with leading banks and NBFCs

Tata Motors has entered into partnerships with the country’s leading private banks and NBFCs in an effort to offer its commercial vehicle customers a wide array of beneficial financial offerings.

These include HDFC Bank, ICICI Bank, Yes Bank, Equitas Small Finance Bank, AU Small Finance Bank, and NBFCs like: Cholamandalam Investment and Finance Co Ltd, HDB Financial Services, Sundaram Finance, and newly merged entities of leading public sector banks – Union Bank and Punjab National Bank.

These strategic tie-ups, said a press release, aim to enhance value offerings for customers of both, new as well as pre-owned vehicles, throughout the customer lifecycle.

Additionally, offerings arising out of these tie-ups will include ancillary financial provisions such as fuel financing, working capital financing, aggregate financing and service cost financing to enable customers to avail attractive financial schemes from all the partner financiers with minimal formalities.

Mr. Rajesh Kaul, Vice-President, Sales & Marketing, Commercial Vehicles Business Unit, Tata Motors, said, “Tata Motors has always sought to amplify the ownership experience of customers by providing them with offerings that are both convenient and valuable. We are thrilled to join hands with leading public and private sector banks and NBFCs, who are leaders in their respective spaces and are highly experienced in driving a customer-centric CV financing approach. Our partnership will certainly add value and leverage our common strengths to meet the ever-evolving needs of our customers.”