Tata Motors Finance, a prominent non-banking financial company (NBFC) in India’s vehicle finance sector, has formed a strategic partnership with CJ Darcl Logistics Ltd, a leading provider of multimodal logistics solutions.
This collaboration entails the extension of a credit limit of Rs 125 crore, enabling CJ Darcl Logistics to access various facilities such as vehicle operating leases, invoice financing, and fuel financing.
The operating lease facility will equip CJ Darcl Logistics with the necessary resources to bolster its fleet capacity by deploying Tata Motors Limited (TML) vehicles in its operations. This will enable the company to efficiently manage fuel expenses, streamline working capital, and meet the increasing demand for its logistics services.
Krishan Kumar Agarwal, Chairman & Managing Director of CJ Darcl Logistics, expressed the significance of the partnership, emphasizing how it will strengthen their financial position, enhance fleet capacity, and accelerate business growth.
Samrat Gupta, MD & CEO of Tata Motors Finance, highlighted the collaborative efforts’ positive impact, stressing their commitment to supporting the logistics industry’s key players with tailored capital and operational expenditure financing solutions.
Gupta commended CJ Darcl Logistics for their strong leadership, solid fundamentals, and clear mission and vision. Through its comprehensive credit package, Tata Motors Finance aims to empower CJ Darcl Logistics in delivering excellent services to its customers and helping them achieve their financial objectives.
