![](https://www.udayavani.com/wp-content/uploads/2024/07/INDIA-Bloc-Protest-415x271.jpg)
Tata Motors’ arms partner with Bajaj Finance to provide financing to passenger, EV dealers
PTI, May 20, 2024, 3:01 PM IST
![](https://www.udayavani.com/wp-content/uploads/2024/05/Tata-Motors-Reuters-620x349.jpg)
Representative image (credit: Reuters)
New Delhi: Tata Motors on Monday said its passenger vehicles and passenger electric mobility subsidiaries have tied up with Bajaj Finance for providing supply chain finance solutions to their respective dealers.
Tata Motors Passenger Vehicles (TMPV) and Tata Passenger Electric Mobility (TPEM), subsidiaries of Tata Motors, have joined hands with Bajaj Finance to extend supply chain finance solutions to its passenger and electric vehicle dealers, the company said in a statement.
Under a Memorandum of Understanding (MoU), the participating companies will come together to leverage Bajaj Finance’s wide reach to help dealers of TMPV and TPEM access funding with minimal collateral, it added.
The partnership with Bajaj Finance will further strengthen the access of the dealer partners to increased working capital, TPEM CFO and TMPV Director, Dhiman Gupta said.
“Through this financing programme, we will arm TMPV and TPEM’s authorised passenger and electric vehicle dealers with financial capital, which will enable them to seize the opportunities offered by a growing passenger vehicles market,” Bajaj Finance Deputy Managing Director, Anup Saha said.
This collaboration will not only benefit dealers but also contribute to and enhance the growth of the automotive industry in India, Saha added.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
![](https://www.udayavani.com/wp-content/uploads/2023/05/IndianClicks_GVega_Udayavani_300x250_12032021_1_1.gif)
Related Articles More
![](https://www.udayavani.com/wp-content/uploads/2024/07/Mangaluru-Airport-150x89.jpg)
Mangaluru Airport: No solution in sight for direct cargo export
![](https://www.udayavani.com/wp-content/uploads/2024/06/bse-14-150x75.jpg)
Mcap of nine of top-10 most valued firms jumps Rs 2.89 lakh cr; Reliance biggest winner
![](https://www.udayavani.com/wp-content/uploads/2024/06/CS-Setty-LinkedIn-143x115.jpg)
C S Setty to become new chairman of SBI; FSIB recommends him as successor of Khara
![](https://www.udayavani.com/wp-content/uploads/2024/06/insurance-shutterstock-150x107.jpg)
The Importance of Insurance: Essential Tips for Buyers
![](https://www.udayavani.com/wp-content/uploads/2024/06/SEBI-logo-ANI-150x106.jpg)
SEBI raises Basic Demat Account Limit to Rs 10 lakh to boost investors’ participation
MUST WATCH
Latest Additions
![](https://www.udayavani.com/wp-content/uploads/2024/07/Dr-Raviraja-N-S-150x99.jpg)
Dr Raviraja N S appointed MAHE’s Chief Operating Officer
![](https://www.udayavani.com/wp-content/uploads/2024/07/INDIA-Bloc-Protest-150x98.jpg)
Stop ‘misusing’ agencies to silence opposition: INDIA bloc MPs stage protest against govt
![](https://www.udayavani.com/wp-content/uploads/2024/07/Death-rep-ANI-150x113.jpg)
Sleepwalker dies after falling from Mumbai building
![](https://www.udayavani.com/wp-content/uploads/2024/07/alok-150x101.jpg)
Karnataka adopts new criminal laws: Police officers fully trained, says DGP Alok Mohan
![](https://www.udayavani.com/wp-content/uploads/2024/07/army-150x85.jpg)
Army fully capable, ready to face all challenges: Gen Dwivedi
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.