Tata Motors has collaborated with South Indian Bank to extend an exclusive Electric Vehicle Dealer Financing Program and offer comprehensive retail financing solutions to all customers.
The MoU for this partnership was signed by Ramesh Dorairajan, Senior General Manager – Network Management and EV Sales, Tata Motors Passenger Vehicles and Praveen Joy, Head, Transaction Banking Group, South Indian Bank.
Commenting on the partnership, Ramesh Dorairajan, Senior General Manager – Network Management and EV Sales, Tata Motors Passenger Vehicles said, “Driving EV adoption in India is an integral part of our strategy and we are happy to have collaborators who are aligned to the same. This partnership with South Indian Bank for an exclusive financing program for our authorized electric passenger vehicle dealers is a step forward in this direction, “adding that this would help them to democratize electric vehicles in the country.”
Speaking on this partnership, Murali Ramakrishnan, MD and CEO, South Indian Bank said, “We are delighted to have associated with Tata Motors to offer a financing program exclusively for their passenger electric vehicle dealers. This program will help the bank to expand its asset base and expand into newer consumer segments. We look forward to continuing our association with Tata Motors with various programs and offers to meet their dealers’ and consumers’ needs.”
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