Tata Motors signs MoU with IndusInd Bank for passenger vehicles financing
Tata Motors has signed a memorandum of understanding (MoU) with IndusInd Bank for financing its range of passenger vehicles to provide an added facility of finance to its customers.
Tata Motors VP of passenger vehicle business unit R Ramakrishnan said that the customers of Tata Motors will now have access to customized finance products from IndusInd Bank.
We are sure that our growing network will also drive the tie-up to achieve the aspirational growth target, Ramakrishnan said.
IndusInd ranks in the top retail financiers for Tata Motors commercial vehicle segment today and we are happy to extend this partnership for our passenger vehicle business as well, IndusInd Bank will be one of the preferred financiers for Tata cars and utility vehicles.
IndusInd Bank EVP-consumer finance division S V Parthasarathy said that with this tie-up, IndusInd Bank would be in a position to cater the financial needs of Tata Motors customers for the entire range of vehicles sold by Tata Motors.
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