Tata Motors Passenger Vehicles (TMPV) and Tata Passenger Electric Mobility (TPEM) have announced a strategic partnership with HSBC India to provide supply chain financing solutions for their passenger and electric vehicle dealers. This collaboration aims to facilitate access to competitive funding for dealers, enhancing their working capital and enabling them to capitalize on the expanding passenger vehicle market.
Mr. Dhiman Gupta, Chief Financial Officer of Tata Passenger Electric Mobility Ltd. and Vice President of Tata Motors Passenger Vehicles Ltd., emphasized the importance of dealer partners in the evolving automobile landscape. He stated, “We are committed to assisting them in the ease of doing business, which is why we are delighted to collaborate with HSBC India for this financing program that improves our dealers’ access to working capital. Together we are devoted to driving growth and delivering unmatched value to our customers.”
Mr. Gaurav Sahgal, Country Head of Business Banking at HSBC India, highlighted the significance of this partnership, noting that it broadens the availability of finance and banking solutions for the passenger and electric vehicle dealer network. “This will be another milestone in our long-standing relationship with Tata Motors and Tata Group, reflecting our shared vision of advancing clean and efficient transportation,” he remarked.
Tata Motors, a pioneer in the Indian automobile industry, continues to drive innovation with a focus on safer, smarter, and greener mobility solutions. The company’s diverse portfolio encompasses various fuel types, including petrol, diesel, CNG, and electric powertrains, catering to a wide range of consumer needs.
