Tata Motors has signed a Memorandum of Understanding (MoU) with South Indian Bank to offer convenient financing solutions to its commercial vehicle customers and dealerships. South Indian Bank will provide financing across the entire commercial vehicle portfolio, and customers will benefit from the bank’s wide network and specially curated easy repayment plans.
Speaking on the development, P R Seshadri, MD & CEO, of South Indian Bank, said, “At South Indian Bank, we are dedicated to fostering a secure, agile, and dynamic banking environment tailored to the needs of fleet owners and dealerships. Our collaboration with Tata Motors enables us to deliver seamless vehicle financing solutions to commercial vehicle dealers and customers”.
Commenting on this partnership, Rajesh Kaul, Vice President & Business Head–Trucks, Tata Motors Commercial Vehicles, said, “We are delighted to announce our partnership with the reputed South Indian Bank, which understands the needs of our customers. For our customers, easy access to financing solutions for their commercial vehicles is one of the key priorities for their operations.”
Tata Motors offers mass mobility solutions:
Tata Motors offers an extensive range of sub-1-tonne to 55-tonne cargo vehicles and 10-seater to 51-seater mass mobility solutions, ranging in small commercial vehicles and pickups, trucks, and bus segments to address the evolving needs of logistics and mass mobility segments.
South Indian Bank aims at providing financial services:
South Indian Bank excels in dealer finance by providing unmatched financial solutions to dealers nationwide. It also supports dealers with attractive interest rates, flexible terms, and efficient processing, making it the preferred choice for dealers seeking reliable financial support.
