Tata Motors: Tata Motors partners with Equitas SFB to provide attractive financing schemes to customers
- ByStartupStory | November 9, 2021
Tata Motors, India’s largest commercial vehicle manufacturer, has signed a five-year agreement with EquitasSFB (Equitas SFB), one of the largest small finance banks in the country. Under this agreement,Tata Motors customers will get attractive financial solutions.
Tata Motors, India’s largest commercial vehicle manufacturer, has signed a five-year agreement with Equitas SFB(Equitas SFB), one of the largest small finance banks in the country. Under this agreement, Tata Motorscustomers will get attractive financial solutions. The Benefits of this alliance will be applicable to TataMotors’ small commercial vehicle (SCV) range. The objective of this partnership is to ease the availability of financing for interested buyers. Tata Motors will bring these solutions within the reach of customers by using Equitas SFB’s strong network spread across861 branches andover 550 Commercial Vehicle (CV)customer touchpoints in the country.
Tata Motors’ SCV range has promoted self-employment in urban and rural areas by providing a respectable means of livelihood to around 3 million Indians. TataMotors started the SCV segment in the year 2005 withIndia’s first four wheel mini-truck Ace and then extensively developed from engineered vehicles for various applications. Considering the rapid growth in the ecommerce industry, Tata Ace and Tata Intra are the preferred vehicles for last mile transportation.
As a market leader in the commercial vehicles space, TataMotors continuously engages in understanding the needs of its customers in terms of products and services and financial support. Tata Motors continues to invest in customer friendly efforts and initiatives to provide its existing and potential customers smooth and hassle-free financing experience.
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