Tata Motors’ arms partner with Bajaj Finance to provide financing to passenger, EV dealers


PTI, May 20, 2024, 3:01 PM IST

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

Davangere: MLA Basavantappa returns Rs 1.2 lakh left behind at shop

Woman dies after being hit by luxury car driven by ‘drunk’ youth in Karnataka

MLA Bharat Shetty condemns attack on Edneer Math Swamiji’s vehicle in Kerala

‘Idiot’: Former Canadian Sikh minister slams Justin Trudeau over Khalistan issue

Salman Khan gets another threat, asked to cough up Rs 5 cr

Canadian cop suspended for attending pro-Khalistan protest outside Hindu temple

Rahul Gandhi to attend caste census meeting in Hyderabad today

Related Articles More

Markets fall in early trade amid unabated foreign fund outflows

New software for fast-tracking project approvals: Karnataka Minister Patil

In-flight passengers can access WiFi services only when allowed, say new rules

SEBI mulls separation of non-regulated activities; ‘cross-default’ definition for debenture trustees

Sensex plunges 942 points to settle at nearly 3-month low; RIL, HDFC Bank biggest drag

MUST WATCH

Gho Pooja in Deepavali Festival

Melukote Deepavali

Ganapathi Co-operative Society Ltd

Udayavani Chinnara Banna 2024

Annapoorna Aahar | Food Places In Mysore


Latest Additions

India, Australia strategic partnership growing steadily: EAM Jaishankar

Davangere: MLA Basavantappa returns Rs 1.2 lakh left behind at shop

Ullal: Man attacked for allegedly providing information on illegal sand mining

Woman dies after being hit by luxury car driven by ‘drunk’ youth in Bengaluru

Woman dies after being hit by luxury car driven by ‘drunk’ youth in Karnataka

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.