Tata Motors has announced that it has joined hands with State Bank of India, to offer an Electronic Dealer Finance solution (e-DFS) to its authorised passenger EV dealers.
Under the partnership, Tata Motors aims to provide an exclusive financing programme to its authorised electric passenger vehicle dealers, Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility, said. “To ensure we have faster EV adoption in the country, it is very important to have a strong network and empowered channel partners,” he added.
Dinesh Khara, Chairman, State Bank of India, said, “We are delighted to enter into this agreement with Tata Motors, as this gives us an opportunity to deepen our longstanding partnership in Dealer Finance programme.”
According to a press release from the company, Tata Motors has a claimed market share of 89% in the e4W space in India with over 30,000 of its EVs on road in personal and fleet segments.