Tata Motors partners with Equitas Small Finance Bank for easy finance options for small truck buyers
Published On Nov 09, 2021
The partnership will open over 861 branches and 550+ CV customer touchpoints of the bank to small truck buyers that will enable faster loan disbursement and attractive finance schemes.
Eyeing deeper market penetrations and trying to reach out to wider customers in the entry-level, compact truck segment across rural and semi-urban market segment, market leader Tata Motors has signed a five-year Memorandum of Understanding (MoU) with Equitas SFB, one of the country’s largest small finance banks, to bring a set of attractive financial solutions to its customers.
You can buy the expansive range of Tata trucks including the Ace Gold, Intra V30 or Intra V10 in petrol, diesel and CNG fuel options for all your transport/logistics/cargo transport business needs at attractive ranges and customized finance schemes that suit you.
With benefits applicable across the small commercial vehicle (SCV) range, this tie-up will aim to facilitate seamless availability of financing for aspiring buyers. Tata Motors will leverage Equitas SFB’s strong network across the country, spanning 861 branches and 550+ CV customer touchpoints, to make these solutions accessible for customers.
Tata Motors SCV range has nurtured self-employment in both urban and rural areas by providing a respectable means of livelihood to nearly 30 lakh Indians. Tata Motors pioneered in the SCV segment, with India’s first four-wheel mini-truck, the Ace, in 2005, and has exponentially evolved with vehicles engineered to cater to varied applications. Addressing the rapid growth in the e-commerce industry, the Tata Ace and Tata Intra are the preferred vehicles for last-mile transportation.
As a market leader in the commercial vehicle space, Tata Motors constantly engages with its customers to assess their needs and requirements on the product and services front, as well as from a finance support perspective. Tata Motors continues to invest in customer-oriented endeavours and initiatives to ensure a smooth and seamless financing experience for its current and potential customers.
Last week, Tata Motors introduced some of its key light trucks with an aim to help customers with the widest applications and lower the cost of ownership.