Tata Motors: In order to extend a special dealer financing programme for electric vehicles and provide all consumers with extensive retail financing options, Tata Motors has partnered with South Indian Bank, a private sector bank.
Tata Motors joins hands with South Indian Bank
The company’s goal includes encouraging EV adoption in India, according to Ramesh Dorairajan, Senior General Manager, Network Management & EV Sales, Tata Motors Passenger Vehicles. A step in the right direction is the collaboration with South Indian Bank to offer authorised electric passenger vehicle dealers an exclusive financing scheme.
“Our dealer partners form an integral part in our journey towards enabling widespread EV adoption in India, and we are positive that this initiative will further allow us to democratise electric vehicles in the country,” he added.
Speaking on this partnership, Murali Ramakrishnan, MD and CEO, of South Indian Bank said, “We are delighted to have associated with Tata Motors to offer a financing programme exclusively for their passenger electric vehicle dealers. This programme will help the bank to expand its asset base and expand into newer consumer segments. We look forward to continuing our association with Tata Motors with various programs and offers to meet their dealers’ and consumers’ needs.”
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