Tata Motors on Monday said it has tied up with South Indian Bank to provide financing solutions to its commercial vehicle customers and dealerships.
As part of the memorandum of understanding, South Indian Bank will offer financing solutions across the auto major’s entire commercial vehicle portfolio, Tata Motors said in a statement.
“For our customers, easy entry to financing solutions for their commercial vehicles is one of the key priorities of their operations. Our association aims to empower convoy owners and dealerships to complete their business goals,” said Rajesh Kaul, Tata Motors Commercial Vehicles Vice President and Business Head Trucks.
Tata Motors sells a wide range of small commercial vehicles and cargo vehicles ranging from 1-tonne to 55-tonne including pickups, trucks and buses and 10-seater to 51-seater mass mobility solutions.
“Our collaboration with Tata Motors enables us to provide seamless vehicle financing solutions to commercial vehicle dealers and customers,” said PR Sheshadri, MD and CEO, South Indian Bank.
