Commercial vehicle manufacturer Tata Motors has signed a Memorandum of Understanding with South Indian Bank to offer convenient financing solutions to its customers and commercial vehicle dealers.

Under the agreement, South Indian Bank will provide financing for the entire commercial vehicle portfolio, and customers will benefit from the bank's network "The alliance represents an important step toward providing better support to merchants, encouraging growth, reducing collateral requirements, lowering interest rates and simplifying credit processing," he said.

“At South Indian Bank, we are committed to promoting a secure, flexible and dynamic banking environment tailored to our customers. For the needs of fleet owners and dealers. Our association with Tata Motors allows us to offer seamless vehicle financing solutions to commercial vehicle dealers and customers. We are confident that our collaboration with Tata Motors will result in best-in-class financial solutions, setting a new benchmark of excellence in the industry,” said B R Seshadri, MD & CEO, South Indian Bank.

Tata Motors offers, With a network of more than 2,500 touchpoints, a wide range of freight vehicles from less than 1 ton to 55 tons and mass mobility solutions from 10 to 51 seats, covering the small commercial vehicle, truck, van and bus sectors to address the evolving needs of the logistics and mobility sectors. Group.

Commenting on this partnership, Rajesh Kaul, Vice President and Business Head, Trucks, Tata Motors Commercial Vehicles, said: “For our customers, easy access to financing solutions for their commercial vehicles is one of the key priorities for their operations. Our alliance aims to empower fleet owners and dealers to achieve their business goals.”