Tata Motors partners with SBI to offer Electronic Dealer Finance solution to its EV dealers
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Tata Motors partners with SBI to offer Electronic Dealer Finance solution to its EV dealers.

Recently, Tata Motors also partnered with Axis Bank to offer an exclusive electric vehicle dealer financing solution to its authorized passenger EV dealers.

Tata Motors has joined hands with SBI to offer an Electronic Dealer Finance solution (e-DFS) to its authorized passenger EV dealers.

This is a First-of-its-kind Electric Vehicle Inventory Financing program by a Public Sector Bank for Tata Motors’ EV dealers.

As per the tie-up, the State Bank of India will offer an exclusive financing program to authorized electric passenger vehicle dealers of Tata Motors.

Commenting on the rollout of this finance scheme offer, Mr. Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles Ltd., and Tata Passenger Electric Mobility Ltd. said, “To ensure we have faster EV adoption in the country, it is very important to have a strong network and empowered channel partners. By partnering with the State Bank of India, we have taken another step in this direction. They are India’s largest public sector bank with an extensive network, and we are delighted to partner with them. We want to provide an exclusive financing program to our authorized electric passenger vehicle dealers, who will play an important role in driving the green mobility mission, bolstering sustainability in the country.”

Speaking of this partnership, Mr. Dinesh Khara, Chairman, State Bank of India, said, “We are delighted to enter into this agreement with Tata Motors, as this gives us an opportunity to deepen our longstanding partnership in Dealer Finance program. This also offers us the satisfaction of being able to contribute towards a greener tomorrow, as these lines of credit will be available for financing authorized dealers of Tata Motors’ Passenger Electric Vehicles. We are confident that this would go a long way towards promoting EV culture and adoption in the country“.

In July 2022, Tata Motors partnered with Axis Bank to offer an exclusive electric vehicle dealer financing solution to its authorized passenger EV dealers.

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