Tata Motors Passenger Vehicles (TMPV) and Tata Passenger Electric Mobility (TPEM) have established a strategic partnership with HSBC India to provide supply chain finance alternatives to its passenger and electric car dealers. Dealers will benefit from increased working capital and the ability to capitalize on the expanding passenger car market as a result of our partnership’s easier access to affordable financing.
Mr. Dhiman Gupta, Vice President of Tata Motors Passenger Vehicles Ltd. and Chief Financial Officer of Tata Passenger Electric Mobility Ltd., believes that dealer partners are essential in the evolving automotive landscape. “As we are committed to assisting our dealers in the ease of doing business, we are delighted to collaborate with HSBC India on this financing initiative that improves their access to operating cash,” the speaker stated. Our common objective is to accelerate growth and deliver unparalleled value to our clients.
Mr. Gaurav Sahgal, Country Head of Business Banking at HSBC India, underlined the significance of this partnership by pointing out that it increases the financial and banking choices accessible to the network of dealers for both electric and passenger cars. “This will be another milestone in our long-standing relationship with Tata Motors and Tata Group and represents our common goal of advancing clean and efficient transportation,” he stated.
