Tata Motors partner with SBI

Tata Motors partner with SBI

Mumbai: Tata Motors has partnered with the State Bank of India (SBI) to offer Electronic Dealer Finance solution (e-DFS) to its authorized passenger EV dealers.
Commenting on the offer, 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 SBI, 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 programme to our authorized electric passenger vehicle dealers, who will play an important role in driving the green mobility mission, bolstering sustainability in the country.”

Dinesh Khara, Chairman, SBI, 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 programme. 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 authorised 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.”
UNI

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