Tata Motors signs MoU with SBI for eCV financing

Through this partnership, Tata Motors will leverage SBI’s strong network to make these solutions accessible to customers.

Autocar Professional BureauBy Autocar Professional Bureau calendar 02 Mar 2023 Views icon4342 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Tata Motors signs MoU with SBI for eCV financing

Tata Motors, leading commercial vehicle manufacturer has signed a Memorandum of Understanding (MoU) with State Bank of India (SBI), to offer financing solutions for purchasing the all-new Tata Ace EV. Through this partnership, Tata Motors will leverage SBI’s strong network to make these solutions accessible to customers.

Pravin Raghavendra, Deputy Managing Director (Retail - Agri, SME and FI), SBI speaking during the signing said, “We are proud to partner with Tata Motors in an endeavour to offer attractive financing options for the Ace EV. We are confident that the new financing scheme will help individuals and MSMEs in purchasing the state-of-the-art, eco-friendly electric mini-truck.”

Commenting on the partnership, Rajesh Kaul, Vice President, Sales and Marketing, Commercial Vehicle Business, Tata Motors, said, “We are delighted to join hands with the largest bank in the country, the State Bank of India, to offer unique, seamless financing schemes for the Tata Ace EV customers. The MoU has further strengthened our aim to make Tata Ace EV more accessible to customers. We are confident that our collaboration will fast-track our efforts towards sustainable mobility and support the nation’s net-zero aspirations.”

Also read
Tata unveils the electric Ace

RELATED ARTICLES
Ramkrishna Forgings Finds Inventory Missing

auther Shahkar Abidi calendar27 Apr 2025

The company said that a likely adverse impact of the order of 4% to 5% of the net worth is indicated.

Mahindra & Mahindra to Acquire 58.96% Stake in SML Isuzu for Rs 555 Crore

auther Sarthak Mahajan calendar26 Apr 2025

Mahindra & Mahindra plans to acquire a majority stake in SML Isuzu for INR 555 crore, aiming to strengthen its position ...

LANXESS India Hosts First Solutions Day to Showcase Sustainable Product Portfolio

auther Sarthak Mahajan calendar26 Apr 2025

LANXESS India’s inaugural Solutions Day event in Mumbai highlights the company’s diverse and sustainable portfolio, fost...