Tata Motors commercial vehicle manufacturer, has signed an MoU with Bajaj Finance Ltd., part of Bajaj Finserv Ltd., one of India’s leading financial services groups. This partnership aims to provide financing solutions for Tata Motors’ entire commercial vehicle range. Customers will benefit from Bajaj Finance’s extensive reach, competitive interest rates, flexible loan options, and digitally-enabled loan processing.
Rajesh Kaul, Vice President & Business Head – Trucks, Tata Motors Commercial Vehicles, expressed his excitement about the partnership, stating, “We are delighted to join hands with Bajaj Finance. Their entry into commercial vehicle financing aligns with our goal of offering top-notch solutions for customer satisfaction. This partnership will open new opportunities in the transportation sector and benefit entrepreneurs nationwide. With Bajaj Finance’s extensive network in both rural and urban areas, customers will easily access the financing solutions they need. We look forward to enhancing convenience for our valued customers.”
Anup Saha, Deputy Managing Director of Bajaj Finance, added, “At Bajaj Finance, customer-centricity is central to our business ethos. We strive to provide convenient financing solutions that improve the overall ownership experience. Our partnership with Tata Motors reflects this commitment. Using best-in-class processes and India Stack, we aim to make purchasing commercial vehicles accessible and hassle-free. We are confident this partnership will empower more commercial vehicle owners with effective financing options.”
Tata Motors offers a wide range of vehicles, from sub 1-tonne to 55-tonne cargo vehicles and 10-seater to 51-seater mass mobility solutions. Their portfolio includes small commercial vehicles, pickups, trucks, and buses, catering to the evolving needs of logistics and mass mobility segments. The company maintains high-quality standards and service commitment through an extensive network of over 2,500 touchpoints, supported by trained specialists and easy access to Tata Genuine Parts.
Bajaj Finance, one of India’s most diversified NBFCs, offers services across lending, deposits, and payments, serving over 83.64 million customers. As of March 31, 2024, the company’s assets under management stood at ₹3,30,615 crore.
