Tata Motors has announced a partnership between its subsidiaries Tata Passenger Electric Mobility (TPEM) and Tata Motors Passenger Vehicles (TMPV) and HSBC India to provide financing solutions for their vehicle dealers. This partnership will offer dealers in the passenger and electric vehicle segments easier access to supply chain financing, improving their working capital and enabling them to grow their operations in the expanding automotive market.
The financing initiative is set to benefit dealers by helping them secure funds more easily, which will allow them to take advantage of the growing demand for both passenger and electric vehicles. Tata Motors aims to support its dealers by improving their ability to do business. Dhiman Gupta, Chief Financial Officer of Tata Passenger Electric Mobility Ltd and Vice President of Tata Motors Passenger Vehicles Ltd, noted that the partnership with HSBC India said that this collaboration will ensure dealers have better access to working capital, which is essential for driving growth and delivering value to customers.
With this partnership, Tata Motors continues to support its extensive dealer network while reinforcing its commitment to fostering growth in the passenger and electric vehicle sectors.
Also Read