HSBC India today announced that it has partnered with Tata Motors, India’s leading automobile manufacturer and the pioneer of the EV revolution in the country, for a corporate employee financing solution to accelerate the adoption of zero-emission Electric Vehicles. This partnership is in line with the shared vision of the two conscientious organizations to promote sustainability and de-carbonize road transport, paving the way for a greener and cleaner future.
Customers who have a salary account with HSBC India will be able to apply for this unique, custom loan to buy an electric vehicle from Tata Motors’ EV lineup. Customers can apply for the loan with zero down payment, no hypothecation, low processing fee, and no documentation charges. Additionally, customers will receive a special accessory kit for their Tata EVs as an added benefit.
Commenting on this new offering, Hitendra Dave, CEO, HSBC India said, “Our partnership with Tata Motors, India’s leading EV maker, will help leverage the synergies of vision and help drive a sustainable transition towards a net zero economy.”
