Tata Motors, Bandhan Bank Partner for Commercial Vehicle Financing

Mumbai- Tata Motors Ltd., a commercial vehicle manufacturer, has entered into a Memorandum of Understanding (MoU) with Bandhan Bank, a private sector bank in India, aimed at providing convenient financing options to Tata Motors' commercial vehicle customers. This partnership entails Bandhan Bank extending financing solutions across Tata Motors' entire commercial vehicle range, with customers benefiting from the bank's extensive network and tailored repayment plans.

Mr. Rajesh Kaul, Vice President & Business Head of Trucks at Tata Motors, expressed his enthusiasm, stating, "We are thrilled to announce our alliance with Bandhan Bank through this MoU, marking a significant milestone in our commitment to offering seamless financing solutions to our customers." He emphasized the partnership's alignment with Tata Motors' dedication to providing accessible and efficient financial solutions, facilitating customers in achieving their business objectives effortlessly.

Mr. Santosh Nair, Head of Consumer Lending & Mortgages at Bandhan Bank, shared his thoughts, stating, "Bandhan Bank is delighted to collaborate with Tata Motors in delivering seamless vehicle financing solutions, underscoring our commitment to addressing the varied financial requirements of commercial vehicle customers." He expressed confidence in the partnership's ability to expand its reach and provide tailored financing alternatives, thereby fostering the growth of businesses within the commercial vehicle segment.

Tata Motors boasts an extensive range of cargo vehicles spanning sub 1-tonne to 55-tonne capacities, along with mass mobility solutions ranging from 10-seater to 51-seater configurations. These offerings cater to the evolving needs of logistics and mass mobility segments. The company ensures unmatched quality and service commitment through its widespread network of over 2500 touchpoints, staffed by proficient specialists and bolstered by easy access to Tata Genuine Parts.