Tata Motors has announced a partnership with South Indian Bank to extend an exclusive Electric Vehicle Dealer Financing Programme and offer comprehensive retail financing solutions to all customers.
Ramesh Dorairajan, Senior General Manager – Network Management & EV Sales, Tata Motors Passenger Vehicles, noted that driving EV adoption in India is integral to the company’s strategy. The partnership with South Indian Bank for an exclusive financing programme for authorised electric passenger vehicle dealers is a step forward in this direction.
“Our dealer partners form an integral part in our journey towards enabling widespread EV adoption in India, and we are positive that this initiative will further allow us to democratise electric vehicles in the country,” he added.
Murali Ramakrishnan, MD and CEO, South Indian Bank, noted that the programme will help the bank to expand its asset base and expand into newer consumer segments.
A press release from Tata Motors noted that the company currently enjoys a 71% market share in the e-PV space, with 90,000 EVs produced to date in personal and fleet segments.
