Tata Motors Finance has entered into a strategic partnership with CJ Darcl Logistics, to extend the Rs 125 crore limit for various facilities, including vehicle operating lease, invoice financing, and fuel financing.
The operating lease facility will enable CJ Darcl Logistics to strengthen its fleet capacity, enabling it to deploy Tata Motors Vehicles under its business. It will also help the logistics firm manage its fuel expenditure and streamline working capital.
Kumar Agarwal, Chairman and Managing Director, CJ Darcl Logistics said, "Our collaboration with Tata Motors Finance is a strategic move that will enable us to further strengthen our financials, enhance our fleet capacity, and accelerate business growth.”
Samrat Gupta, MD and CEO of Tata Motors Finance said, “Our partnership with CJ Darcl Logistics is in line with our commitment to actively contribute to the growth narrative of key players in the logistics industry with tailormade capex and opex financing solutions.”
CJ Darcl Logistics caters to a wide-ranging clientele of more than 2,800+ customers, spanning over 5,000 locations on a nationwide scale, through a network of 200+ offices. It is striving to become a full-stack logistics enterprise and has expanded its operations into Multimodal, Project Cargo, Air Cargo, and Warehousing.