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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

Topics
Tata Motors | ICICI Bank  | Electric Vehicle

Press Trust of India  |  New Delhi 



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

on Monday said it has partnered with to offer financing solutions to its authorised passenger dealers.

Under the partnership, will provide inventory funding to the authorised passenger EV dealers in addition to the bank's funding to dealers for diesel and petrol models, 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," 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.

Executive Director Rakesh Jha said the industry is growing at a rapid pace with the rising consumer demand for environment-friendly .

(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.)


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First Published: Mon, January 23 2023. 16:49 IST

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