Business Standard

TaMo, ICICI Bank tie up to offer financing solutions to its EV dealers

The EV dealers can avail flexible repayment tenures through the partnership, the company said

EVs, Electric vehicles, cars, automobile, charging, battery

ICICI Bank Executive Director Rakesh Jha said the electric vehicle industry is growing at a rapid pace with the rising consumer demand for environment-friendly electric vehicles

Press Trust of India New Delhi
Tata Motors on Monday said it has partnered with ICICI Bank to offer financing solutions to its authorised passenger electric vehicle dealers.
Under the partnership, ICICI Bank will provide inventory funding to the authorised passenger EV dealers in addition to the bank's funding to dealers for diesel and petrol models, Tata Motors said in a statement.
"Our dealer network forms a part of our core support pillars, and through their constant effort, we ride the electrification wave in India.
"We are confident that through this tie-up, we will make EVs more accessible and the EV purchase process a seamless and memorable experience for our customers," Tata Motors Passenger Vehicles Ltd and Tata Passenger Electric Mobility Ltd Managing Director Shailesh Chandra said.
The EV dealers can avail flexible repayment tenures through the partnership, the company said.
ICICI Bank Executive Director Rakesh Jha said the electric vehicle industry is growing at a rapid pace with the rising consumer demand for environment-friendly electric vehicles.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 23 2023 | 4:49 PM IST

Explore News