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April 2021
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Finance Minister speaks to industry leaders, says Centre working with States to manage Covid        IPL 2021: CSK beat RR by 45 runs        Indoor stadium to be built in Shahpur: Minister        NASA launches Ingenuity Helicopter from Mars' surface        Political parties and religious outfits have misused Islam: PM Imran        All adults eligible for Covid vaccination from May 1        Dr Manmohan Singh tests positive for COVID-19, hospitalised        This time COVID-19 spreading rapidly in Tier 2, Tier 3 cities as well: PM        Bumrah one of the best death bowlers, makes my job easier: Boult        Magnificent Dhawan takes DC to emphatic win over Punjab        Lithium-ion battery maker Lohum to invest up to Rs 250 cr in three years on capacity expansion        Pakistan reports highest single-day coronavirus spike in 2021 with over 6,000 cases        California mass shooting suspect was barred from buying gun        COVID-19 surge:Rahul Gandhi announces cancellation of poll rallies in West Bengal        Declare a national health emergency: Sibal to PM        COVID-19: India records highest single-day rise of 2,61,500 cases, 1,501 deaths        My Tirth India' provides services of 'online darshan'        I have the skills to bat in tough situations: Shahrukh Khan        Pakistan cricket players will get visas for World T20 in India: BCCI apex council        US and Japan to strengthen efforts to promote peace and security in Indo-Pacific: Harris        
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Business News
Tata Motors & SBI join forces to offer innovative financial solutions to commercial vehicle customers
 
Kolkata: Tata Motors, India’s largest commercial vehicle manufacturer, has inked a three-year MoU with the State Bank of India (SBI), the country’s leading public sector bank,to offer unique financial assistance for the purchase of Tata Motors’ range of small and light commercial vehicles.

In addition to inducing employment,this collaboration will also stir demand for Tata Motors’ BS6 range of vehicles. Through this partnership, the two business entities will exercise SBI’s Contactless Lending Platform technology to ensure uniformity, transparency and a reduced turnaround time in the loan approval process.

On the occasion, Girish Wagh, President, Commercial Vehicles Business Unit, Tata Motors said, “Extending our earnest commitment to bring profitable value propositions to our customers, we are delighted to join hands with the largest bank in the country, the State Bank of India. With a pan-India reach and more than 22,000 branches, SBI has an extensive network across the country, and through this partnership we hope to strengthen our reach, especially in rural areas, aiding employment as well as providing unique and innovative financial assistance to our customers. We remain confident that through our collaboration, we will leverage our common strengths, and continue to serve our customers with dedication and zeal.”

Commenting on this partnership, C. S. Setty, Managing Director, Retail and Digital Banking, State Bank of India said, “We look forward to leveraging this mutually benefitting collaboration and offer some unique financial services to CV customers and dealers across India. Through our innovative Contactless Lending Platform technology, we hope to further amplify the banking experience of customers and strive to extend a 360-degree benefit to retailers.”

Tata Motors’ diverse small and light commercial vehicle portfolio has been extremely successful in the overall CV ecosystem.This collaboration with SBI will allow Tata Motors’ CV customers to avail loans in a hassle-free manner as well as access SBI’s unique technology-laden offerings. This partnership will introduce easy loan structured schemes which will help mitigate the cost difference between the BS4 and the BS6 vehicles for both, down payment as well as the EMI of the vehicle.

The BS6 range of Tata Motors CVs are engineered on the ‘Power of 6’ philosophy, which offers the best in terms of comfort and convenience, profitability, performance, safety and security and offers a great value to the customers. The robust and reliable vehicles are supported by value-added services like the Sampoorna Seva 2.0, Tata Samarth – Tata Motors’ commitment to commercial vehicle driver welfare, uptime guarantee, customised annual maintenance and fleet management solutions.


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