Mumbai — Tata Motors, India’s leading commercial vehicle manufacturer, has announced a strategic partnership with ESAF Small Finance Bank to offer attractive financing solutions to its commercial vehicle customers. Initially focusing on Small Commercial Vehicles (SCVs) and Light Commercial Vehicles (LCVs), the collaboration plans to extend financing options across Tata Motors’ entire commercial vehicle portfolio.
Vinay Pathak, Vice President and Business Head of SCV & PU at Tata Motors, expressed that the partnership will enhance access to seamless financing solutions for customers in remote areas of the country. He emphasized the company’s commitment to supporting customers with tailored and efficient solutions to help them achieve their business goals. Pathak noted that this collaboration aims to boost entrepreneurship and job creation, particularly in first- and last-mile logistics.
Echoing this sentiment, Hemant Kumar Tamta, Executive Vice President of ESAF Small Finance Bank, stated that the bank is excited to partner with Tata Motors to offer customized financing solutions. He highlighted that their shared vision of empowering entrepreneurs aligns perfectly with this collaboration. Tamta added that with the bank’s extensive network and expertise in financial inclusion, they are confident the partnership will drive significant growth and support the ambitions of commercial vehicle businesses.
Tata Motors offers an extensive range of cargo vehicles from sub 1-tonne to 55-tonne capacity and mass mobility solutions accommodating 10 to 51 passengers. These offerings span the small commercial vehicles, pickups, trucks, and buses segments, addressing the evolving needs of the logistics and mass mobility sectors. The company ensures exceptional quality and service through its extensive network of over 2,500 touchpoints, staffed by trained specialists and supported by easy access to Tata Genuine Parts.
