TaMo ties up for vehicle financing

Tata Motors said it has entered into partnerships with leading private banks and non-banking finance companies (NBFCs) to offer its commercial vehicle customers an array of financial offerings.

They include HDFC Bank, ICICI Bank, Yes Bank, Equitas Small Finance Bank, AU Small Finance Bank and the newly-merged entities of public sector Union Bank and Punjab National Bank. The NBFCs include

Cholamandalam Investment and Finance, HDB Financial Services and Sundaram Finance.

These strategic tie-ups aim to enhance value offerings for customers of both new as well as pre-owned vehicles throughout the customer lifecycle.

Besides, offerings arising out of these tie-ups will include ancillary financial provisions like fuel financing, working capital financing, aggregate financing and service cost financing to enable customers to avail financial schemes.