To offer supply chain financing options to their passenger and electric car dealers, Tata Motors Passenger Vehicles (TMPV) and Tata Passenger Electric Mobility (TPEM) have launched a strategic relationship with HSBC India. Through this partnership, dealers will have easier access to affordable financing, improving their working capital and allowing them to take advantage of the growing passenger car market.
Dealer partners are crucial in the changing automotive landscape, according to Mr. Dhiman Gupta, Chief Financial Officer of Tata Passenger Electric Mobility Ltd. and Vice President of Tata Motors Passenger Vehicles Ltd. He said, “We are happy to engage with HSBC India on this financing initiative that enhances our dealers’ access to operating cash since we are dedicated to helping them in the ease of doing business. Our shared goal is to propel growth and provide our clients with unrivaled value.
The importance of this collaboration was emphasized by Mr. Gaurav Sahgal, Country Head of Business Banking at HSBC India, who noted that it expands the financial and banking options available to the network of dealers for both passenger and electric vehicles. “This represents our common goal of advancing clean and efficient transportation and will be another milestone in our long-standing relationship with Tata Motors and Tata Group,” he said.
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