Tata Motors & Standard Chartered Partner for EV Dealer Finance
By Rediff Money Desk, NEWDELHI Nov 06, 2023 18:20
Tata Motors and Standard Chartered Bank have partnered to offer supply chain finance solutions to EV dealers, providing financing for Tata's electric vehicle dealer partners.
![Tata Motors & Standard Chartered Partner for EV Dealer Finance](https://im.rediff.com/money/2022/jun/06tata-ev.jpg)
New Delhi, Nov 6 (PTI) Tata Motors and Standard Chartered Bank on Monday announced a partnership for providing supply chain finance solutions to the automaker's electric vehicle dealers.
The partnership with Standard Chartered Bank will further assist the company's authorised passenger electric vehicle dealer partners with an exclusive financing programme, Tata Passenger Electric Mobility Ltd and Director, Tata Motors Passenger Vehicles Ltd, CFO Dhiman Gupta said in a joint statement.
Currently, Standard Chartered Bank offers inventory funding limits to the conventional engine vehicle dealerships of Tata Motors across its passenger and commercial vehicle businesses.
"This augurs well for our strategy to support sustainable industries, and is yet another testimony of our long-standing engagement with Tata Motors and the Tata Group, which spans over many decades and represents one of our most valued relationships globally," Standard Chartered Bank, Managing Director & Co-Head, Client Coverage, India, Ankur Khurana said.
The partnership with Standard Chartered Bank will further assist the company's authorised passenger electric vehicle dealer partners with an exclusive financing programme, Tata Passenger Electric Mobility Ltd and Director, Tata Motors Passenger Vehicles Ltd, CFO Dhiman Gupta said in a joint statement.
Currently, Standard Chartered Bank offers inventory funding limits to the conventional engine vehicle dealerships of Tata Motors across its passenger and commercial vehicle businesses.
"This augurs well for our strategy to support sustainable industries, and is yet another testimony of our long-standing engagement with Tata Motors and the Tata Group, which spans over many decades and represents one of our most valued relationships globally," Standard Chartered Bank, Managing Director & Co-Head, Client Coverage, India, Ankur Khurana said.
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