Tata Motors has joined hands with State Bank of India to offer Electronic Dealer Finance solution (e-DFS) to its authorised passenger EV dealers. Commenting on the rollout of this finance scheme offer, Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles Ltd., and Tata Passenger Electric Mobility Ltd. said, “To ensure we have faster EV adoption in the country, it is[Read More…]
Ashok Leyland signed a Memorandum of Understanding (MoU), with Federal Bank that will enable both Ashok Leyland and Federal Bank to offer customised financial solutions to customers. Under this partnership, Federal Bank will be able to provide end to end financial solutions to the customers of Ashok Leyland. The Bank will work towards catering to the customers’ needs through auto[Read More…]
An analysis of Commercial Vehicle (CV) pools originating in CY2013 and CY2014 pools by ICRA has revealed that their performance has been relatively weak initially compared to those that originated in CY2012 and CY2011 at similar points post securitisation. A gradual reduction in delinquencies has been observed around 21 months post securitisation in pools originating in CY2013. Due to the[Read More…]
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