Tata Motors Partnership with Saraswat Bank

TMPV and TPEM, subsidiaries of Tata Motors, partner with Saraswat Bank to offer custom financing for Tata Motors ICE and EV buyers.

Mumbai - Tata Motors Passenger Vehicles (TMPV) and Tata Passenger Electric Mobility (TPEM), a subsidiary of Tata Motors Ltd., have signed an MoU with Saraswat Bank., a cooperative bank. This partnership aims to provide tailored auto retail financing solutions for customers purchasing Tata Motors internal combustion engine (ICE) and electric vehicles (EV).

The partnership aims to make Tata Motors popular ICE and EV models more accessible by offering competitive interest rates, enhancing affordability and convenience for customers. The MoU was signed in the presence of senior leaders from Tata Motors and Saraswat Bank.

Mr. Dhiman Gupta, Chief Financial Officer of Tata Passenger Electric Mobility Ltd. and Vice President of Tata Motors Passenger Vehicles Ltd., said, “As a brand focused towards customer centricity, we are always exploring opportunities to enhance convenience and affordability for the consumer. We strongly believe this partnership with Saraswat Bank is a step in the right direction, aimed at offering tailored financing solutions with competitive rates. This association reinforces our commitment to making the purchase of Tata Motors ICE and EVs more accessible while delivering a seamless and rewarding experience for our customers.”

Mr. Gautam Thakur, Chairman, Saraswat Bank, said, “We are glad to partner with Tata Motors to offer our customers a range of customized and competitive car financing solutions, aimed to make vehicle purchase easy and flexible. With this tie-up, we hope to provide wider choice options to our customers while also promoting the EV culture in the country”.

Tata Motors leads India's automotive industry with innovative, safe, intelligent, and sustainable solutions. Offering vehicles powered by petrol, diesel, CNG, and electric powertrains, Tata Motors caters to diverse customer needs. Known for quality, versatility, and modern design, its vehicles align with the aspirations of today's consumers.