Tata Motors Finance extends Rs 25 crore structured credit facility for BluSmart Mobility’s EV fleet expansion
The said credit facility is offered in the form of an umbrella financing cum lease solution that will enable BluSmart to expand its fleet by 200 electric vehicles.
3878 Views
Tata Motors Finance (TMF) has partnered with EV ride hailing service provider BluSmart Mobility, to facilitate the expansion of its fleet and operations in Delhi NCR.
The said credit facility is offered in the form of an umbrella financing cum lease solution that will enable BluSmart to expand its fleet by 200 electric vehicles.
Samrat Gupta, MD and CEO of Tata Motors Finance, stated, “Tata Motors Finance is dedicated to provide solutions to EV fleet operators within TML ecosystem in fulfilling their mobility expansion needs through tailor-made credit offerings.”
Anmol Singh Jaggi, CEO and Co-Founder, BluSmart, said, “The association will enable us to expand our fleet and enhance our presence in the market, providing efficient, reliable, and eco-friendly transportation services to our consumers.”
RELATED ARTICLES
Ashok Leyland eyes Rs 1000 crore revenue from Defence in FY24
Autocar Pro News Desk
02 Dec 2023
Having generated Rs 300 crore in Defence business in H1 of FY-24, with the ramp up in deliveries in the second half, def...
Hero MotoCorp posts 25.6 percent YoY growth in November sales
Autocar Pro News Desk
02 Dec 2023
The automaker sold a total of 4,91,050 two-wheelers in November, against 390,932 units in the year-ago period.
Honda Motorcycle & Scooter India reports 20 percent YoY sales growth in November
Autocar Pro News Desk
02 Dec 2023
Honda Motorcycle and Scooters’ total domestic sales came in at 4,20,677 units, while it exported 27,172 units.
