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Bandhan Bank and Tata Motors sign MoU to offer attractive commercial vehicle financing solutions
Photo courtesy: Tata Motors/ Bandhan Bank

Bandhan Bank and Tata Motors sign MoU to offer attractive commercial vehicle financing solutions

| @indiablooms | 13 Feb 2024, 08:36 pm

Kolkata: Private sector lender Bandhan Bank has signed a Memorandum of Understanding (MoU) with Tata Motors to offer convenient financing solutions to its commercial vehicle customers.

Under this collaboration, Bandhan Bank will offer 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 this announcement, Head Consumer Lending & Mortgages, Bandhan Bank Santosh Nair said, “Bandhan Bank is pleased to partner with Tata Motors to offer seamless vehicle financing solutions. This association reflects our dedication to serving the diverse financial needs of commercial vehicle customers.

“We are confident that this collaboration will enable us to extend our reach and provide tailored financing options to support the growth of businesses in the commercial vehicle segment.”

Commenting on this partnership, Tata Motors Vice-President & Business Head – Trucks Rajesh Kaul said, “We are delighted to announce our partnership with Bandhan Bank through this MoU, which represents a major milestone in our commitment to providing seamless financing solutions to our customers.

“This partnership reflects our commitment to providing accessible and efficient financial solutions, empowering our customers to achieve their business goals with ease. Together, we look forward to driving greater convenience and support for our valued commercial vehicle customers.”

Tata Motors offers 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.

The company offers services through a network of 2500+ touchpoints, manned by specialists and backed by Tata Genuine Parts.

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