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Tata Motors Teams Up with Bajaj Finance to Revolutionize Commercial Vehicle Financing

Mumbai, 25th June, 2024 – Tata Motors, the largest commercial vehicle manufacturer in India, has announced a strategic partnership with Bajaj Finance Ltd., a subsidiary of Bajaj Finserv Ltd., one of the nation’s leading financial services groups. This collaboration aims to provide comprehensive financing solutions for Tata Motors’ entire range of commercial vehicles. Customers are set to benefit from Bajaj Finance’s extensive network, competitive interest rates, flexible loan options, and digitally-enabled loan processing.

Rajesh Kaul, Vice President & Business Head – Trucks, Tata Motors Commercial Vehicles, expressed his enthusiasm about the partnership, stating, “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.”

Anup Saha, Deputy Managing Director of Bajaj Finance, highlighted the customer-centric focus of the collaboration, saying, “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 by using India stack, we aim to make the process of purchasing a commercial vehicle accessible and hassle-free. We are confident that the partnership will empower more commercial vehicle owners with financing solutions.”

Tata Motors boasts an extensive lineup of commercial vehicles, ranging from sub 1-tonne to 55-tonne cargo vehicles and 10-seater to 51-seater mass mobility solutions. The company caters to the evolving needs of the logistics and mass mobility segments with a diverse portfolio, including small commercial vehicles, pickups, trucks, and buses. Tata Motors maintains an unwavering commitment to quality and service, supported by a vast network of over 2500 touchpoints, staffed by trained specialists and ensuring easy access to Tata Genuine Parts.

Bajaj Finance, known for its diverse offerings in lending, deposits, and payments, serves over 83.64 million customers. As of March 31, 2024, the company’s assets under management stood at ₹3,30,615 crore, showcasing its robust presence in the financial sector. This new partnership is poised to transform the commercial vehicle financing landscape, providing significant benefits to customers across India.

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