Tata Motors, India's largest commercial vehicle manufacturer, has signed an Memorandum of Understanding (MoU) with Bandhan Bank to offer convenient financing solutions to its commercial vehicle customers.
Under this collaboration, Bandhan Bank will offer financing across the entire commercial vehicle portfolio and customers will benefit from the bank’s network and its easy repayment plans, noted the press release.
Commenting on this partnership, Rajesh Kaul, Vice President and Business Head – Trucks, Tata Motors, said, "This partnership reflects our commitment to providing accessible and efficient financial solutions, empowering our customers to achieve their business goals with ease. Together, we look forward to driving greater convenience and support for our valued commercial vehicle customers."
Santosh Nair, Head, Consumer Lending and Mortgages, Bandhan Bank, said, “We are confident that this collaboration will enable us to extend our reach and provide tailored financing options to support the growth of businesses in the commercial vehicle segment.”
Tata Motors offers an extensive range of sub 1-tonne to 55-tonne cargo vehicles and 10-seater to 51-seater mass mobility solutions, ranging in small commercial vehicles and pickups, trucks and buses segments. It also has a network of 2500+ touchpoints, manned by trained specialists and backed by easy access to Tata Genuine Parts.