The company has signed a memorandum
of understanding (MoU) with Bajaj Finance Ltd, part of Bajaj Finserv Ltd, for
the same and customers will benefit from the latter's wide reach,
competitive interest rates, flexi loan and digitally-enabled loan processing,
Tata Motors said in a statement. "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," Tata Motors Commercial Vehicles Vice President &
Business Head - Trucks, Rajesh Kaul said.
With Bajaj Finance's wide network in rural and
urban areas, customers will have easy access to financing solutions as per
their requirements, he added.
Bajaj Finance Deputy Managing Director Anup Saha
said, "... We aim to make the process of purchasing a commercial vehicle
accessible and hassle-free. We are
confident that the partnership will empower more commercial vehicle owners with
financing solutions.