Indian Bank has signed a Memorandum of Understanding (MoU) with Tata Motors, for financing solutions for commercial vehicles. Indian Bank will offer financial solutions for Tata Motors’ entire commercial vehicle portfolio including LNG (Liquefied Natural Gas) and electric range of commercial vehicles.
Tata Motors and Indian Bank will also significantly scale up their partnership on dealer financing.
Ashutosh Choudhury, Executive Director, Indian Bank, said, "Our financial packages will help both customers and dealers achieve their business objectives while enhancing overall financial efficiency."
Rajesh Kaul, Vice President and Business Head – Trucks, Tata Motors, said, “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.”