Subsidiary companies of Tata Motors join hands with Bajaj Finance, know what will be the benefits

Tata Motors’ passenger vehicle and passenger electric vehicle subsidiaries have partnered with Bajaj Finance to provide supply chain finance solutions to their dealers. Tata Motors’ subsidiaries Tata Motors Passenger Vehicles (TMPV) and Tata Passenger Electric Mobility (TPEM) have joined hands with Bajaj Finance to expand supply chain finance solutions for their passenger and electric vehicle dealers, the company said in a statement. Is.

What is in the MoU?

Under the Memorandum of Understanding (MoU), Bajaj Finance’s wide reach will be leveraged to provide financing with minimum guarantees to dealers of TMPV and TPEM, it said. Dhiman Gupta, Chief Finance Officer (CFO), TPEM and Director, TMPV, said the partnership with Bajaj Finance will further strengthen dealer partners’ access to increased working capital.

this will be beneficial

Anup Saha, Deputy Managing Director, Bajaj Finance, said, “Through this financing, we will equip TMPV and TPEM authorized passenger and electric vehicle dealers with the financial capital to enable them to take advantage of the opportunities presented by the growing passenger vehicle market. Saha said that this collaboration will not only benefit the dealers, but will also help in the growth of the automotive industry in India.