Tata Motors Partners Turno To Offer Financing And Buyback For Electric SCVs

Tata Motors has signed a Memorandum of Understanding (MoU) with Finzo EV Solutions, which operates under the Turno brand, to offer customised financing schemes and assured buyback support for customers purchasing its electric small commercial vehicles and pickups (e-SCVPUs).

Announced on November 11, 2026, the partnership will provide customers with quicker loan disbursements, flexible repayment options and a 25% assured buyback guarantee. The arrangement is aimed at addressing financing requirements and resale value concerns associated with electric commercial vehicle ownership.

Turno will bring its battery intelligence and electric vehicle lifecycle management capabilities to the partnership. The company will also provide buyback support to offer customers greater clarity on the resale value of their electric commercial vehicles.

Varun Nair, Director, Turno, said the partnership is intended to address customer concerns around financing and the residual value of electric commercial vehicles. He added that the combination of customised financing and buyback support would provide greater certainty over the vehicle ownership and resale process.

Pinaki Haldar, Vice President and Business Head – SCVPU, Tata Motors, said simplifying vehicle financing and providing support for resale value were important considerations in encouraging the adoption of electric commercial vehicles, particularly in last-mile logistics.

Tata Motors' Electric SCVPU Portfolio And Support Network

Tata Motors' electric small commercial vehicle and pickup portfolio comprises the Ace Pro EV, Ace EV 1000 and Intra EV Pickup. The models are offered with different load deck configurations and payload options to cater to varied cargo requirements.

The company said its supporting ecosystem includes access to more than 25,000 public charging points across over 150 cities and more than 200 dedicated electric vehicle support centres.

Other services include lifecycle support under Sampoorna Seva 2.0 and fleet management through Fleet Edge, Tata Motors' connected vehicle platform. The company also has partnerships with banks, non-banking financial companies (NBFCs) and mobility financiers to support commercial vehicle financing.