IndusInd partner with TATA Motors EV to finance EVs

Automajor Tata Motors revealed on Tuesday that it has partnered with IndusInd Bank to provide its authorised passenger EV dealers with an exclusive Electric Vehicle Dealer Financing solution.

As part of the programme, IndusInd Bank will offer authorised Tata Motors passenger EV dealers extra inventory funding at a competitive rate.

This extra inventory funding would go above and beyond the dealers’ ICE finance limit, and the payment term would be between 60 and 75 days. Additionally, IndusInd Bank will provide dealers with additional limits twice a year to accommodate periods of strong demand.

“As we move along towards our aim of electrification and green mobility, we are ecstatic to partner with IndusInd Bank to assist our authorized electric passenger vehicle dealer partners with an exclusive financing program. Our dealer network is one of our core support pillars and through their constant efforts we have been able to ride the electrification wave in India. We are positive that through this tie-up, we will make EVs more accessible and the EV buying process, a seamless and a memorable experience for our customers,” Aasif Malbari, Chief Financial Officer, Tata Passenger Electric Mobility Ltd. and Director, Tata Motors Passenger Vehicles Ltd. said.

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