Tata Motors Partners with ESAF for Commercial Vehicle Financing
By Rediff Money Desk, New Delhi Sep 20, 2024 15:15
Tata Motors and ESAF Small Finance Bank have partnered to offer financing solutions for commercial vehicle customers, aiming to boost entrepreneurship and job creation in logistics.

Photograph: Courtesy Tata Motors
New Delhi, Sep 20 (PTI) Tata Motors on Friday said it has tied up with ESAF Small Finance Bank to offer financing solutions to its commercial vehicle customers.
The entities have inked a memorandum of understanding focused on small commercial vehicles and light commercial vehicles initially, the Mumbai-based auto major said in a statement.
The partnership will further expand to include financing for the automaker's entire commercial vehicle portfolio, it added.
"Our partnership with ESAF Small Finance Bank enhances access to seamless financing solutions for our customers in deeper pockets of the country," Tata Motors Vice President & Business Head - SCV & PU Vinay Pathak said.
The collaboration further strengthens the company's endeavour to boost entrepreneurship and job creation, particularly in first-and last-mile logistics, he added.
Tata Motors offers an extensive range of sub 1-tonne to 55-tonne cargo vehicles and 10-seater to 51-seater mass mobility solutions, ranging in small commercial vehicles and pickups, trucks and buses segments to address the evolving needs of logistics and mass mobility segments.
The entities have inked a memorandum of understanding focused on small commercial vehicles and light commercial vehicles initially, the Mumbai-based auto major said in a statement.
The partnership will further expand to include financing for the automaker's entire commercial vehicle portfolio, it added.
"Our partnership with ESAF Small Finance Bank enhances access to seamless financing solutions for our customers in deeper pockets of the country," Tata Motors Vice President & Business Head - SCV & PU Vinay Pathak said.
The collaboration further strengthens the company's endeavour to boost entrepreneurship and job creation, particularly in first-and last-mile logistics, he added.
Tata Motors offers an extensive range of sub 1-tonne to 55-tonne cargo vehicles and 10-seater to 51-seater mass mobility solutions, ranging in small commercial vehicles and pickups, trucks and buses segments to address the evolving needs of logistics and mass mobility segments.
Source: PTI
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