Tata Motors partners with Bajaj Finance to boost dealer financing for passenger and electric vehicles

Mumbai: Tata Motors Passenger Vehicles (TMPV) and Tata Passenger Electric Mobility (TPEM) have teamed up with Bajaj Finance to offer enhanced financing options for authorised dealers of passenger and electric vehicles. This strategic collaboration aims to provide dealers with easier access to funding, bolstering their working capital with minimal collateral requirements.

The memorandum of understanding (MoU) was signed by Dhiman Gupta, CFO of Tata Passenger Electric Mobility Ltd. and director of Tata Motors Passenger Vehicles Ltd., and Siddhartha Bhatt, chief business officer of Bajaj Finance Ltd. This partnership leverages Bajaj Finance’s extensive network to support TMPV and TPEM dealers.

Dhiman Gupta expressed optimism about the collaboration, stating, “Our dealer partners are integral to our business, and we are happy to actively work towards solutions to help them in ease of doing business. This partnership with Bajaj Finance will strengthen our dealers’ access to working capital, promoting growth in the market.”

Anup Saha, deputy managing director of Bajaj Finance Ltd., highlighted the benefits, saying, “We aim to provide best-in-class financing solutions using the India stack. This programme will empower TMPV and TPEM’s authorised dealers, enabling them to capitalise on the growing passenger vehicle market. We are confident this collaboration will benefit dealers and drive growth in the automotive industry.”