Tata Motors Passenger Vehicles (TMPV) and Tata Passenger Electric Mobility (TPEM), subsidiaries of Tata Motors, have entered into a strategic partnership with HSBC India to provide supply chain financing solutions for their passenger and electric vehicle dealers. This collaboration aims to improve access to working capital for dealers, enabling them to tap into opportunities within the expanding passenger vehicle market.
The agreement will leverage HSBC India’s expertise to offer financing to dealers of TMPV and TPEM at competitive terms. The enhanced working capital access is expected to support the dealers in optimizing their business operations and meeting the growing demand in India’s automotive sector.
Mr. Dhiman Gupta, Chief Financial Officer, Tata Passenger Electric Mobility Ltd., and Vice President, Tata Motors Passenger Vehicles Ltd., emphasized the importance of the collaboration, saying, “In the ever-evolving automobile landscape, our dealer partners are a vital cog for our business. We are committed to assist them in ease of doing business, which is why we are delighted to collaborate with HSBC India for this financing program which improves our dealers’ access to working capital. Together we are devoted to driving growth and deliver unmatched value to our customers.”
Mr. Gaurav Sahgal, Country Head Business Banking at HSBC India, highlighted the significance of the partnership, stating, “Our partnership with Tata Motors is a significant step towards broadening the availability of finance and providing banking solutions to 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.”
Tata Motors, a pioneer in India’s automobile industry, has consistently driven innovation with a focus on safer, smarter, and greener mobility solutions. The company’s diverse product range spans multiple fuel types, including petrol, diesel, CNG, and electric powertrains, making it a preferred choice among consumers. This new partnership with HSBC India is expected to further strengthen Tata Motors’ position in the market by supporting its dealer network and fostering growth in the passenger vehicle segment.
