Tata Motors teams up with Indian Bank to offer tailored financing for logistics customers.
Indian Bank has entered into a Memorandum of Understanding (MoU) with Tata Motors to provide flexible financing solutions for the logistics sector, targeting commercial vehicle customers and authorised dealerships across India. This partnership will streamline credit processing, offer competitive interest rates, and develop financial packages tailored to logistics needs.
Rajesh Kaul, Vice President & Business Head, Trucks, Tata Motors, highlighted that this collaboration will improve financial access for dealers, helping them expand their operations while providing more convenience to logistics customers.
The agreement allows Tata Motors to offer customised financial plans for its full range of commercial vehicles, including electric and LNG models, benefiting logistics operators.
Ashutosh Choudhury, Executive Director of Indian Bank, stated that the financial packages will support both dealers and customers in meeting their business goals, enhancing overall financial efficiency. Tata Motors’ initiatives like Sampoorna Seva 2.0 and its Fleet Edge platform further strengthen logistics management, optimising vehicle lifecycles and reducing operational costs.
