Tata Motors has signed a five-year Memorandum of Understanding (MoU) with Equitas SFB to bring a set of attractive financial solutions to its customers. This tie-up will aim to facilitate seamless availability of financing for aspiring buyers.
The company will leverage Equitas SFB’s strong network across the country, spanning 861 branches and 550+ CV customer touchpoints, to make these solutions accessible for customers, the company said in a statement.
Rohit Gangadhar Phadke, Senior President & Head – Retail Assets, Equitas Small Finance Bank said, through this partnership, Equitas would reach a large set of financially excluded segments to help them buy their first commercial vehicle from Tata Motors. “Equitas Small Finance Bank has always believed in uplifting the underserved and unserved segment of the society to drive financial inclusion,” he added
Rajesh Kaul, Vice President, Sales & Marketing, Commercial Vehicle Business Unit, Tata Motors said, “Tata Motors has consistently placed customer welfare at the centre of its endeavours, striving to bring to them profitable value propositions. The Ace and the Intra range have redefined the last-mile transportation, with their comfort, reliability and low cost of ownership. With this partnership, we will join forces with Equitas SFB to continue our dedicated efforts to serve our customers.”