Tata Motors’ arm TPEM and TMPV join hands with Bajaj Finance to offer financing program

To ease financing for the dealers, Tata Motors Passenger Vehicles (TMPV) and Tata Passenger Electric Mobility (TPEM) – subsidiaries of Tata Motors, India’s leading automotive manufacturer, have joined hands with Bajaj Finance, part of Bajaj Finserv Ltd., one of India’s leading and most diversified financial services groups, to extend supply chain finance solutions to its passenger and electric vehicle dealers.

Through this memorandum of understanding (MoU), the participating companies will come together to leverage Bajaj Finance’s wide reach to help dealers of TMPV and TPEM access funding with minimal collateral.

Read Also : IndusInd Bank Q1 FY25 results, net profit at 2% YoY

TMPV and TPEM have been pioneering the Indian automotive market with its groundbreaking efforts in both ICE and EV segments. The company’s overarching New Forever philosophy has led to the introduction of segment-leading products that are being appreciated by consumers at large.

The MoU for this partnership was signed by Mr. Dhiman Gupta, Chief Financial Officer, Tata Passenger Electric Mobility Ltd., and Director, Tata Motors Passenger Vehicles Ltd., and Mr. Siddhartha Bhatt, Chief Business Officer, Bajaj Finance Ltd.

Read Also : RBI issues guidelines on higher liquidity coverage ratio for retail deposits