Tata Motors and Indian Bank collaborated for commercial vehicle financing

Tata Motors Ltd has signed a Memorandum of Understanding (MoU) with Indian Bank to offer attractive financing solutions for commercial vehicle customers and authorized dealerships across the country, the automaker said.

The bank will offer customized financial packages with competitive interest rates and streamlined credit processing for Tata Motors’ entire commercial vehicle portfolio, which includes ones powered by LNG (Liquefied Natural Gas) as well as electric ones.

The partnership will also extend to dealer financing.

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“Our financial packages will help both customers and dealers achieve their business objectives while enhancing overall financial efficiency," said Ashutosh Choudhury, Executive Director of Indian Bank. "We look forward to working closely with Tata Motors to help their customers achieve their business goals.”

“We are happy to sign a MoU with Indian Bank, this partnership will help provide easy financing solutions for our customers," said Rajesh Kaul, Vice President & Business Head – Trucks, at Tata Motors. "By streamlining credit access and offering seamless financing options, we aim to strengthen financial ecosystem for our dealer network, helping them scale their business while providing enhanced convenience to our valued customers.”

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