Tata Motors signs MoU with ESAF Small Finance Bank for CV financing

Mumbai- Tata Motors Limited., a commercial vehicle manufacturer, has signed a Memorandum of Understanding (MoU) with ESAF Small Finance Bank, to provide attractive financing solutions for its commercial vehicle customers. Initially targeting Small and Light Commercial Vehicles, the partnership will extend to cover Tata Motors' entire commercial vehicle range.

Mr. Vinay Pathak, Vice President & Business Head – SCV&PU, Tata Motors, said, “Our partnership with ESAF Small Finance Bank enhances access to seamless financing solutions for our customers in deeper pockets of the country. It reiterates our commitment to support our customers with tailored and efficient solutions, empowering them to meet their business goals. This collaboration further strengthens our endeavour to boost entrepreneurship and job creation, particularly in first- and last-mile logistics.”  

Mr. Hemant Kumar Tamta, Executive Vice President, ESAF Small Finance Bank said, “We are excited to partner with Tata Motors, to offer tailored financing solutions to customers. Our shared vision of empowering entrepreneurs aligns perfectly with this partnership. With our extensive network and expertise in financial inclusion, we are confident that this partnership will stimulate significant growth and support the ambitions of commercial vehicle businesses.”

Tata Motors offers a wide range of cargo vehicles (sub 1-tonne to 55-tonne) and mass mobility solutions (10-seater to 51-seater), covering small commercial vehicles, pickups, trucks, and buses. With 2500+ service touchpoints, trained specialists, and easy access to Tata Genuine Parts, the company ensures top-quality service for evolving logistics and mobility needs.

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