Tata Motors Passenger Vehicles (TMPV) and Tata Passenger Electric Mobility (TPEM), both subsidiaries of Tata Motors, have partnered with HSBC India to offer supply chain financing solutions to their dealers.
Key Highlights
- Tata Motors and HSBC India have partnered to provide dealer financing for passenger and electric vehicles
- The collaboration aims to enhance dealers’ access to working capital and favorable funding terms
- The initiative will support the growth of the dealer network and promote clean and efficient transportation
The primary objective of this collaboration is to augment the dealers’ access to favorable funding terms, thereby bolstering their working capital and empowering them to take advantage of the expanding passenger vehicle market. This collaboration aims to harness HSBC India’s specialized knowledge to support TMPV and TPEM dealers. The goal is to enhance dealers’ access to working capital, helping them navigate the growing automotive industry. This partnership marks a significant advancement in expanding financial resources and providing customized banking services for passenger and electric vehicle dealer networks. Dhiman Gupta, Chief Financial Officer of Tata Passenger Electric Mobility Ltd. and Vice President of Tata Motors Passenger Vehicles Ltd., emphasized the importance of this initiative. “In the ever-evolving automobile landscape, our dealer partners are a vital cog for our business. We are committed to assist them in ease of doing business, which is why we are delighted to collaborate with HSBC India for this financing program which improves our dealers’ access to working capital. Together we are devoted to driving growth and deliver unmatched value to our customers,” Gupta stated. Gaurav Sahgal, the Country Head of Business Banking at HSBC India, emphasized the significance of the partnership with Tata Motors. He stated that the collaboration aims to expand access to finance and banking solutions for the passenger and electric vehicle dealer network. This initiative represents a major milestone in the enduring relationship between HSBC and Tata Motors, aligning with their mutual goal of promoting clean and efficient transportation. Tata Motors has been a trailblazer in the Indian automobile industry, driving safer, smarter, and greener mobility innovations. The company offers a diverse portfolio of vehicles powered by petrol, diesel, CNG, and electric powertrains, catering to a wide spectrum of consumer requirements and earning widespread acclaim. Also Read: Why Kia EV6 is a Must-Have EV? Owners Speak Out!Collaboration for Access to Working Capital
Tata Motors and HSBC India Enabling Clean and Efficient Transport
It’s great to see Tata Motors partnering with HSBC India to provide enhanced financing for their dealers. This collaboration demonstrates a commitment to supporting the growth of their dealer network and improving access to working capital, which will ultimately benefit the customers as well. It’s a positive step towards promoting clean and efficient transportation in the automotive industry.ELCTRIK Speaks
