Tata Motors Electric Vehicle Dealer Financing Program


Thread Starter #1

350Z

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Tata Motors has tied-up with HDFC Bank to provide a first-of-its kind Electric Vehicle (EV) inventory financing program for its authorized passenger vehicle dealers in India.

Under this scheme, Tata Motors will provide its dealers additional inventory funding over and above their ICE finance limit with attractive pricing linked to Repo Linked Lending Rate (RLLR).

The repayment tenure will range from 60 to 75 days. Furthermore, the bank will also offer additional limit to cater to high demand phases, which will be available to dealers 3 times in a year.

Tata Motors recorded a commanding market share of 89% in FY’22, with over 50,000 Tata EVs produced till date in India in personal and fleet segments.

Tata-Motors-HDFC-Bank.JPG

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350Z
 
Thread Starter #2

350Z

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Tata Motors has now also partnered with IndusInd Bank for Electric Vehicle Dealer Financing Program.

The repayment tenure will range from 60 to 75 days and IndusInd Bank will provide additional limit to cater to high demand phases, which will be available to dealers 2 times in a year.

Tata-Motors-IndusInd-Bank.jpg

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350Z
 

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