Srei Equipment Finance Limited and Tata Motors have signed a memorandum of understanding to finance Tata Motors commercial vehicles with a special focus on construction and mining tippers. The Preferred Financier Agreement (PFA) will allow both Srei and Tata Motors to explore enhanced growth prospects in the heavy-duty tipper truck segment in the country. Facilitating Srei to drive its ‘Asset Life Cycle’ management solutions and multiple customer programmes according to Devendra Kumar Vyas, CEO, Srei, the association will enable customers to acquire their preferred brand of vehicle with customised financing solutions. Srei is expected to leverage its experience in infrastructure equipment financing to address the needs of construction and mining tipper buyers.