In a strategic move aimed at strengthening financial support for its dealer network, Tata Motors has announced a new partnership between its subsidiaries, Tata Motors Passenger Vehicles (TMPV) and Tata Passenger Electric Mobility (TPEM), with HSBC India. This collaboration is designed to offer competitive supply chain financing solutions, catering to both passenger vehicle and electric vehicle dealers.
Through this initiative, dealers working with TMPV and TPEM will gain access to improved working capital at favorable terms, enhancing their ability to navigate the rapidly growing passenger and electric vehicle markets. HSBC India’s extensive financial expertise will be central in providing flexible funding solutions tailored to the needs of these dealers.
Dhiman Gupta, Chief Financial Officer of Tata Passenger Electric Mobility Ltd. and Vice President at Tata Motors Passenger Vehicles, emphasized the importance of this move: “Our dealers are the backbone of our operations. With the ever-changing dynamics of the automotive industry, ensuring their access to working capital is crucial. This partnership with HSBC India is a testament to our commitment to supporting our dealer network, ultimately driving growth and delivering unparalleled value to our customers.”
Gaurav Sahgal, Country Head of Business Banking at HSBC India, echoed this sentiment: “Our collaboration with Tata Motors represents a significant milestone in expanding financial solutions within the automotive sector, especially for electric vehicles. Together, we aim to foster sustainable, efficient transportation by making financing more accessible to dealers across the country.”
As a pioneer in India’s automotive landscape, Tata Motors continues to lead the charge toward greener mobility, with a diverse portfolio spanning petrol, diesel, CNG, and electric powertrains. This latest partnership reflects Tata Motors’ ongoing dedication to driving innovation while ensuring that their dealer network has the financial tools needed to seize market opportunities and grow in a competitive environment.
