The Business Bytes
New Delhi, June 25, 2024 (TBB Bureau): Tata Motors has teamed up with Bajaj Finance Ltd in a strategic partnership aimed at offering streamlined financing solutions for its commercial vehicle lineup.
The memorandum of understanding (MoU) signed between the two entities aims to capitalize on Bajaj Finance’s extensive reach and competitive interest rates, ensuring easier access to loans through digital processes and flexible financing options.
According to a statement from Tata Motors, this collaboration is set to empower entrepreneurs across the country by facilitating smoother access to commercial vehicles, ranging from small pickups to large buses.
Rajesh Kaul, Vice President & Business Head – Trucks at Tata Motors Commercial Vehicles, expressed confidence in Bajaj Finance’s ability to unlock the transportation sector’s potential, benefiting entrepreneurs across the country. “We are confident that their (Bajaj Finance) inaugural venture into commercial vehicle financing will allow them to tap the immense potential that the transportation sector brings in, and this partnership will benefit entrepreneurs across the country,” said Kaul.
Bajaj Finance Deputy Managing Director Anup Saha echoed this sentiment, emphasizing the aim to simplify commercial vehicle purchases.
