Finance for Tata SCV customers

Tata Motors has joined hands with Equitas SFB to offer attractive financial solutions to its customers. For doing so it has signed a five-year Memorandum of Understanding (MoU) with Equitas SFB. As per the MoU, the benefits will be offered across Tata’s Small Commercial Vehicle (SCV) range to make finance available for aspiring buyers. Talking about the partnership, Rohit Gangadhar Phadke, Senior President & Head – Retail Assets, Equitas Small Finance Bank said, “Through this partnership, Equitas would reach a large set of financially excluded segments to help them buy their first commercial vehicle from Tata Motors Limited.” Tata Motors aims at leveraging Equitas SFB’s strong network across the country, spanning 861 branches and 550+ CV customer touch points for making these solutions accessible to its customers. Commenting on the collaboration, Rajesh Kaul, Vice President, Sales & Marketing, Commercial Vehicle Business Unit, Tata Motors said, “We are delighted to partner with Equitas SFB, one of India’s leading small finance banks, to make our extensive range of vehicles available to a larger set of customers, with easy financing and flexible repayment options.”