n a shot to make this gleeful season special, Tata Motors, India’s leading automotive manufacturer, has joined hands with South Indian Bank, one of India’s leading private sector banks, to extend an exclusive Electric Vehicle Dealer Financing Program and offering comprehensive retail backing results to all guests.
The MoU for this cooperation was inked byMr. Ramesh Dorairajan, Senior General director – Network Management & EV Deals, Tata Motors Passenger VehiclesLtd. andMr. Praveen Joy, Head, Transaction Banking Group, South Indian Bank.
opining on the cooperation,Mr. Ramesh Dorairajan, Senior General director – Network Management & EV Deals, Tata Motors Passenger VehiclesLtd. said, “ Driving EV relinquishment in India is an integral part of our strategy and we’re happy to have collaborators who are aligned to the same. This cooperation with South Indian Bank for an exclusive backing program for our authorized electric passenger vehicle dealers is a step forward in this direction. Our dealer mates form an integral part in our trip towards enabling wide EV relinquishment in India, and we’re positive that this action will further allow us to homogenize electric vehicles in the country. ”
Speaking on this cooperation,Mr. Murali Ramakrishnan, MD & CEO, South Indian Bank said, “ We’re pleased to have associated with Tata Motors to offer a backing program simply for their passenger electric vehicle dealers. This program will help the bank to expand its asset base and expand into newer consumer parts. We look forward to continuing our association with Tata Motors with colorful programs and offers to meet their dealers ’ and consumers ’ needs. ”
Tata Motors has been introducing the Indian automotive request with its groundbreaking sweats, and is presently leading thee-mobility surge in India with a commanding request share of 71 with over 90,000 EVs produced till date in particular and fleet-footed parts.
