Tata Motors: In order to increase a particular vendor financing programme for electrical autos and supply all customers with in depth retail financing choices, Tata Motors has partnered with South Indian Bank, a non-public sector financial institution.
Tata Motors joins fingers with South Indian Bank
The firm’s purpose contains encouraging EV adoption in India, in keeping with Ramesh Dorairajan, Senior General Manager, Network Management & EV Sales, Tata Motors Passenger Vehicles. A step in the proper route is the collaboration with South Indian Bank to supply authorised electrical passenger car sellers an unique financing scheme.
“Our dealer partners form an integral part in our journey towards enabling widespread EV adoption in India, and we are positive that this initiative will further allow us to democratise electric vehicles in the country,” he added.
Speaking on this partnership, Murali Ramakrishnan, MD and CEO, of South Indian Bank stated, “We are delighted to have associated with Tata Motors to offer a financing programme exclusively for their passenger electric vehicle dealers. This programme will help the bank to expand its asset base and expand into newer consumer segments. We look forward to continuing our association with Tata Motors with various programs and offers to meet their dealers’ and consumers’ needs.”
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