Tata Motors’ subsidiaries, Tata Motors Passenger Vehicles (TMPV) and Tata Passenger Electric Mobility (TPEM), have joined forces with Bajaj Finance, a titan in India’s financial services domain. This collaboration marks a significant step towards empowering authorized passenger and electric vehicle (EV) dealerships with innovative financing solutions.
The partnership, formalized through a memorandum of understanding (MoU), signifies a departure from traditional financing models. By harnessing Bajaj Finance’s extensive network and expertise, TMPV and TPEM aim to revolutionize dealer support, offering streamlined access to funding with minimal collateral requirements.
Mr. Dhiman Gupta, Chief Financial Officer of Tata Passenger Electric Mobility Ltd. and Director of Tata Motors Passenger Vehicles Ltd., emphasized the pivotal role of dealerships in driving market expansion. He expressed excitement about the potential of this collaboration to not only enhance dealer support but also to catalyze the adoption of Tata Motors’ New Forever portfolio among consumers.Echoing Gupta’s sentiments, Mr. Anup Saha, Deputy Managing Director of Bajaj Finance Ltd., highlighted the strategic significance of the partnership in empowering businesses to capitalize on emerging opportunities in India’s dynamic automotive sector.
