Indian Bank, one of India's leading public sector banks, has signed a Memorandum of Understanding (MoU) with Tata Motors, the country's largest commercial vehicle manufacturer, to offer customised financing solutions to Tata Motors' commercial vehicle customers and authorised dealerships nationwide.
This collaboration aims to provide financial packages with competitive interest rates and streamlined credit processing, tailored to suit the needs of Tata Motors’ entire commercial vehicle portfolio, including its LNG (Liquefied Natural Gas) and electric vehicle range.
Ashutosh Choudhury, Executive Director of Indian Bank, said, 'Our financial packages will enhance the business operations of customers and dealers while boosting financial efficiency. We look forward to working closely with Tata Motors to help their customers achieve their business goals.'
Rajesh Kaul, Vice President & Business Head – Trucks, Tata Motors, said, 'This partnership with Indian Bank will facilitate easy financing solutions for our customers. By improving access to credit and offering seamless financing options, we aim to strengthen the financial ecosystem for our dealer network, enabling them to scale their business and provide greater convenience to our customers.'
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