Tata Motors partners with Bajaj Finance for commercial vehicle financing

By OEM Update Editorial June 29, 2024 4:18 pm IST

The partnership will benefit entrepreneurs, with Bajaj Finance’s wide network in rural and urban areas providing easy access to financing solutions.

Tata Motors signed a Memorandum of Understanding (MoU) with Bajaj Finance Ltd., a subsidiary of Bajaj Finserv Ltd., one of the country’s largest financial service providers. Bajaj Finance offers financing solutions for the full commercial vehicle portfolio, and consumers will benefit from the company’s broad reach, competitive interest rates, flexible loan alternatives, and digital loan processing.

Rajesh Kaul, Vice President and Business Head, of Trucks, Tata Motors Commercial Vehicles, said, “We are delighted to partner with Bajaj Finance, a company that shares our vision of providing top-notch solutions for customer delight. We are confident that their inaugural venture into commercial vehicle financing will allow them to tap the immense potential that the transportation sector brings in, and this partnership will benefit entrepreneurs across the country. With Bajaj Finance’s wide network in rural and urban areas, customers will have easy access to financing solutions as per their requirements. We look forward to providing enhanced convenience to our valued customers.”

Tata Motors offers a 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. The company ensures quality and service commitment through its extensive network of 2500+ touchpoints, manned by trained specialists and backed by easy access to Tata Genuine Parts.

Anup Saha, Deputy Managing Director, Bajaj Finance, “At Bajaj Finance, customer centricity is ingrained in our business ethos. We provide customers with convenient financing solutions that elevate their overall ownership experience. Our partnership with Tata Motors exemplifies this commitment. With our best-in-class process using the India Stack, we aim to make purchasing a commercial vehicle accessible and hassle-free. We are confident that the partnership will empower more commercial vehicle owners with financing solutions.”