Tata Motors Passenger Vehicles (TMPV) and Tata Passenger Electric Mobility (TPEM), have announced a strategic alliance with Bajaj Finance, a leading player in India’s financial services sector. This partnership aims to revolutionize financing solutions for authorized passenger and electric vehicle (EV) dealerships.
Under the terms of the Memorandum of Understanding (MoU), TMPV and TPEM will leverage Bajaj Finance’s extensive network to provide dealers with streamlined access to funding, reducing collateral requirements and expediting business operations.Mr. Dhiman Gupta, CFO of Tata Passenger Electric Mobility Ltd. and Director of Tata Motors Passenger Vehicles Ltd., emphasized the pivotal role of dealer partners in the company’s growth strategy. He expressed optimism about the collaboration with Bajaj Finance, foreseeing its potential to expand market reach and drive adoption of Tata Motors’ New Forever portfolio.
Mr. Anup Saha, Deputy Managing Director of Bajaj Finance Ltd., highlighted the company’s commitment to empowering businesses with innovative financial solutions. He emphasized that the partnership will equip authorized dealers with the necessary capital to capitalize on the growing demand in India’s passenger vehicles market.
