To Finance Passenger and Electric Vehicle Dealers, Tata Motors’ Arms Partners with Bajaj Finance

Bajaj Finance
Image used for information purpose only. Picture Credit:

Tata Motors has strengthened its partnership with Bajaj Finance to provide supply chain finance solutions to its passenger vehicle and electric vehicle dealers. The company’s subsidiaries, Tata Motors Passenger Vehicles (TMPV) and Tata Passenger Electric Mobility (TPEM), have joined hands with Bajaj Finance to extend these financial solutions to their respective dealers.

Under a Memorandum of Understanding (MoU), the participating companies will collaborate to leverage Bajaj Finance’s extensive reach, enabling dealers of TMPV and TPEM to access funding with minimal collateral requirements.

This partnership aims to strengthen the access of Tata Motors’ dealer partners to increased working capital, as stated by Dhiman Gupta, CFO of TPEM and Director of TMPV. “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,” Gupta said.

Anup Saha, Deputy Managing Director of Bajaj Finance, highlighted the mutual benefits of this collaboration, stating, “This collaboration will not only benefit dealers but also contribute to and enhance the growth of the automotive industry in India.”

By providing improved access to working capital, this partnership between Tata Motors and Bajaj Finance aims to empower the automaker’s dealer network, enabling them to capitalize on the growing demand for passenger vehicles and electric vehicles in the Indian market.

Bajaj Finance an established company in vehicle finance will boost the dealerships for better facilitation of the businesses.

Read More: Click Here