Tata Motors Signs Dealer Funding MoU with UCO Bank

Mumbai - Tata Motors Passenger Vehicles Ltd, an automobile manufacturer and Tata Passenger Electric Mobility Ltd. have partnered with UCO Bank to offer tailored inventory funding solutions for their authorized dealers. The partnership aims to support dealers in managing working capital more efficiently, with the MoU signed in the presence of senior leaders from both companies.

Mr. Dhiman Gupta, Chief Financial Officer, Tata Motors Passenger Vehicles Ltd. said, ‘’As we work towards redefining the future of mobility, we are delighted to partner with UCO Bank to assist our authorized dealer partners with an exclusive inventory funding program for both our electric and internal combustion vehicles. Our network of dealers stands as a key pillar of support for us, and their unwavering dedication propels our journey in transforming India's automotive landscape. We believe this collaboration will further strengthen our dealers' ability to manage their inventory effectively and more importantly, help us deliver a seamless and memorable buying experience for our customers."

Mr. Shashi Kant Kumar, General Manager, UCO Bank said, “We are pleased to partner with Tata Motors Passenger Vehicles Ltd. (TMPV) and Tata Passenger Electric Mobility Ltd. (TPEM) in supporting its dealer ecosystem through inventory funding. Dealers play critical role in the automotive value chain and timely access to working capital is essential for sustainable business growth and operational efficiency. We believe this partnership will enable dealers to manage their funding requirements more efficiently ensuring seamless access to finance. We look forward to building a strong and mutually beneficial relationship with Tata Motors Passenger Vehicles Ltd. (TMPV) and Tata Passenger Electric Mobility Ltd. (TPEM) and its Dealer’s network while contributing to the growth of Automobile sector.”

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