Tata Motors, India’s leading commercial vehicle manufacturer, has inked a Memorandum of Understanding (MoU) with Bandhan Bank, a rapidly growing private sector bank in India. The agreement signifies a collaborative effort to provide attractive financing solutions to Tata Motors’ clientele. Under this newly forged partnership, Bandhan Bank will extend financing options across Tata Motors’ entire spectrum of commercial vehicles. Customers stand to benefit from the bank’s expansive network and tailored repayment plans, enhancing the affordability and ease of acquiring commercial vehicles.
Expressing enthusiasm about the collaboration, Mr. Rajesh Kaul, Vice President & Business Head – Trucks at Tata Motors, emphasized the significance of this milestone in the company’s commitment to facilitating seamless financing solutions for its customers. He highlighted the partnership’s objective of empowering clients to achieve their business objectives efficiently.
Similarly, Mr. Santosh Nair, Head of Consumer Lending & Mortgages at Bandhan Bank, articulated the bank’s pleasure in collaborating with Tata Motors to offer streamlined vehicle financing solutions. He reiterated Bandhan Bank’s dedication to catering to the diverse financial requirements of commercial vehicle buyers, underscoring the potential of this collaboration to expand the bank’s outreach and deliver tailored financing alternatives. Tata Motors’ extensive range of commercial vehicles, spanning from sub 1-tonne to 55-tonne cargo vehicles and 10-seater to 51-seater mass mobility solutions, addresses the evolving demands of logistics and mass mobility segments. The company’s commitment to quality and service excellence is reinforced by its widespread network of over 2500 touchpoints, manned by trained specialists, and supported by easy access to Tata Genuine Parts.
