Tata Motors on Tuesday said it has partnered with Bajaj Finance Ltd for offering financing solutions across its entire commercial vehicle portfolio.
The company has signed a memorandum of understanding (MoU) with Bajaj Finance Ltd, part of Bajaj Finserv Ltd, for the same and customers will benefit from the latter's wide reach, competitive interest rates, flexi loan and digitally-enabled loan processing, Tata Motors said in a statement.
"We are confident that their (Bajaj Finance) inaugural venture into commercial vehicle financing will allow them to tap the immense potential that the transportation sector brings in, and this partnership will benefit entrepreneurs across the country," Tata Motors Commercial Vehicles Vice President & Business Head - Trucks, Rajesh Kaul said.
With Bajaj Finance's wide network in rural and urban areas, customers will have easy access to financing solutions as per their requirements, he added.
Bajaj Finance Deputy Managing Director Anup Saha said, "... We aim to make the process of purchasing a commercial vehicle accessible and hassle-free. We are confident that the partnership will empower more commercial vehicle owners with financing solutions."
