Tata Motors, India’s leading commercial vehicle manufacturer, has signed a Memorandum of Understanding (MoU) with ESAF Small Finance Bank to offer attractive financing solutions for its commercial vehicle customers. Initially focusing on Small Commercial Vehicles (SCVs) and Light Commercial Vehicles (LCVs), the partnership will eventually cover Tata Motors’ entire commercial vehicle portfolio.
Vinay Pathak, Vice President & Business Head – SCV&PU, Tata Motors, highlighted the partnership’s role in providing seamless financing solutions for customers in underserved areas, promoting entrepreneurship and supporting logistics businesses.
Hemant Kumar Tamta, Executive Vice President of ESAF Small Finance Bank, expressed enthusiasm for the collaboration, noting the shared vision of empowering entrepreneurs and supporting the growth of commercial vehicle businesses through tailored financial offerings.
Tata Motors, known for its wide range of cargo and mass mobility solutions, offers vehicles from sub 1-tonne to 55-tonne capacities, ensuring quality and service through its extensive network of over 2500 touchpoints.
