Mumbai- Tata Motors Passenger Vehicles Ltd., (TMPV) and Tata Passenger Electric Mobility Ltd., (TPEM), subsidiaries of Tata Motors Limited, an automotive manufacturer, have partnered with HSBC India to offer supply chain financing for their dealers. This partnership will provide TMPV and TPEM dealers with improved access to funding on competitive terms, boosting working capital and helping them capitalize on the growing passenger vehicle market.
Mr. Dhiman Gupta, Chief Financial Officer, Tata Passenger Electric Mobility and Vice President, Tata Motors Passenger Vehicles, said, “In the ever-evolving automobile landscape, our dealer partners are a vital cog for our business. We are committed to assist them in ease of doing business, which is why we are delighted to collaborate with HSBC India for this financing program which improves our dealers’ access to working capital. Together we are devoted to driving growth and deliver unmatched value to our customers.”
Mr. Gaurav Sahgal, Country Head Business Banking, HSBC India, said, “Our partnership with Tata Motors is a significant step towards broadening the availability of finance and providing banking solutions to the passenger and electric vehicle dealer network. This will be another milestone in our long-standing relationship with Tata Motors and Tata Group, reflecting our shared vision of advancing clean and efficient transportation.”
Tata Motors has been a pioneer in the Indian automobile industry, driving innovation with a focus on safer, smarter, and greener mobility. The company’s strong portfolio is spread across multiple fuel types – including petrol, diesel, CNG, and electric powertrains. With a product for every use-case, Tata Motors’ offerings are appreciated by consumers at large.
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