Tata Motors, HDFC Bank sign MoU for digital financing options

This strategic alliance extends to all commercial vehicles offered by Tata Motors, including buses, trucks and small commercial vehicles and pickups.

07 Dec 2023 | 6747 Views | By Autocar Professional Bureau

Tata Motors and HDFC Bank have entered into an Memorandum of Understanding (MoU) to provide attractive digital financing solutions for its commercial vehicle customers.

Under this partnership, Tata Motors customers can now access HDFC Bank's vehicle financing solutions through Tata Motors' Online Sales Platform and the innovative Tata e-Guru mobile application.

Rajesh Kaul, Vice President & Business Head – Trucks, Tata Motors, said, "This partnership aligns with our commitment to enhancing customer experience through innovative digital solutions. By integrating HDFC Bank's expertise and reach, we aim to empower our customers with a range of financial choices that suit their unique needs."

Balaji Varma, Executive Vice President, Commercial Vehicle Group, HDFC Bank, said, "We are pleased to partner with Tata Motors to offer attractive digital financing solutions to their commercial vehicle customers. Our solutions are meticulously customised to meet the diverse requirements of customers, ensuring a tailored and seamless vehicle buying experience."

This strategic alliance extends to all commercial vehicles offered by Tata Motors, including buses, trucks and small commercial vehicles and pickups. 

RELATED ARTICLES

Exclusive: Motul India Plans New Manufacturing Line To Support Growth

Darshan Nakhwa 15 May 2026

The lubricant maker says India is now its single-largest market by volume, and expects it to grow between 10-15% annuall...

Delhi Government Suspends Purchase of New ICE Vehicles for 6 Months

Autocar Professional Bureau 15 May 2026

The announcement is part of the “My India, My Contribution” Delhi Action Plan, which the government said was launched in...

India Used-Car Market To Hit $70 Bn By FY31: Redseer Report

Darshan Nakhwa 15 May 2026

The report says India’s used-car market could reach 9-10 million units by FY31, expanding at 8-11% CAGR by volume, and m...

NEXT STORY