Tata Motors Passenger Vehicles (TMPV) and Tata Passenger Electric Mobility (TPEM) – both subsidiaries of Tata Motors, have signed a MoU with Saraswat Bank, an Indian cooperative banks. Through this partnership Saraswat Bank will offer customised auto retail financing solutions for customer looking to purchase internal combustion engine (ICE) and electric vehicles (EV) from Tata Motors.
This collaboration is designed to increase the accessibility of passenger vehicles (ICE + EV) in Tata Motors’ product portfolio by offering competitive interest rates to the customer, increasing their overall purchasing experience by enhancing affordability and convenience.
Commenting on the partnership, Dhiman Gupta, Chief Financial Officer, Tata Passenger Electric Mobility and Vice President, Tata Motors Passenger Vehicles, said, “This association reinforces our commitment to making the purchase of Tata Motors’ ICE and EVs more accessible while delivering a seamless and rewarding experience for our customers.”
This MoU was signed in the presence of senior leadership members from Tata Motors and Saraswat Bank.
Speaking on this occasion, Gautam Thakur, Chairman, Saraswat Bank, said, “We are glad to partner with Tata Motors to offer our customers a range of customised and competitive car financing solutions, aimed to make vehicle purchase easy and flexible. With this tie-up, we hope to provide wider choice options to our customers while also promoting the EV culture in the country”.
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