Tata Motors Passenger Vehicles Ltd. (TMPVL) and Tata Passenger Electric Mobility Ltd. (TPEM) have signed a memorandum of understanding (MoU) with UCO Bank to introduce inventory financing solutions for their authorised dealer network. The collaboration is aimed at improving dealers’ access to working capital, enabling them to manage vehicle inventory more efficiently across both internal combustion engine (ICE) and electric vehicle (EV) portfolios.
As part of the partnership, UCO Bank will provide customised inventory funding programmes tailored to the requirements of Tata Motors’ passenger vehicle dealers. The initiative is expected to strengthen the retail financing ecosystem, helping dealers maintain optimal inventory levels while enhancing operational efficiency.
Commenting on the partnership, Dhiman Gupta, Chief Financial Officer, Tata Motors Passenger Vehicles Ltd., said, “We are delighted to partner with UCO Bank to assist our authorised dealer partners with an exclusive inventory funding programme for both our electric and internal combustion vehicles. We believe this collaboration will further strengthen our dealers’ ability to manage their inventory effectively.”
UCO Bank stated that the partnership is designed to provide dealers with timely access to working capital, allowing them to better manage funding requirements and day-to-day business operations. The bank added that the initiative will deepen its engagement with Tata Motors’ passenger vehicle dealer network while supporting the continued growth of the automotive sector.
