Building Together:
Tata Motors Finance Announced Series of Strategic Partnerships to Drive Synergy and Excellence in Commercial Vehicle Financing Industry
Tata Motors Finance continues to forge ahead with its commitment to innovation and customer-centric solutions.
In a series of significant developments, Tata Motors Finance unveiled an array of strategic partnerships aimed at fostering synergy and excellence in commercial vehicle financing.
In an industry-first initiative, Tata Motors Finance and PASCO Motors LLP, jointly announced collaboration to offer credit facility for an array of service and maintenance needs of Commercial Vehicles.
The development was jointly announced by Samrat Gupta, MD & CEO, Tata Motors Finance, and Sanjay Passi, Chairman, PASCO Group.
By opting for this credit facility, Commercial Vehicle users or fleet owners can avail on-the-spot credit line facility through Tata Motors Finance's Customer One app.
This credit facility is now available across all PASCO Motors service centers and covers vehicle repairs, spare part replacements, and Hassle-Free AMC services.
Management of operating cash flows has emerged as a primary need for commercial vehicle fleet operators, highlighted Samrat Gupta, MD & CEO, Tata Motors Finance. He said, “we have developed this facility to assist our key customers in managing their working capital efficiently, while addressing the upkeep and servicing requirements of their fleet through authorized workshops of Tata Motors.”
He further added, "By leveraging our synergies with PASCO Motors LLP, we are reinforcing our commitment to delivering customer-centric credit solutions to all commercial vehicle operators. We will evaluate the success of this program, and progressively extend to our dealer partners and customers on pan India basis."
In a major announcement, Tata Motors Finance has entered into a strategic partnership with CJ Darcl Logistics Ltd, a leading multimodal logistics solutions provider, to extend INR 125 Cr. Limit for various facilities including vehicle operating lease, invoice financing and fuel financing.
Samrat Gupta, MD & CEO of Tata Motors Finance , highlighted the significance of this collaboration while recognizing its potential to make a positive impact. He said, "Our partnership with CJ Darcl Logistics Ltd. is in line with our commitment to actively contribute to the growth narrative of key players in the logistics industry with innovative tailor-made capex and opex financing solutions."
He further added, "Over the years, CJ Darcl Logistics Ltd. has emerged as a formidable sectoral player, driven by exceptional leadership, robust fundamentals, and a well defined mission and vision. Through our comprehensive credit package, we aim to empower CJ Darcl Logistics Ltd., deliver top-notch services to its valued customers and enable them in achieving their financial goals."
The operating lease facility will equip CJ Darcl Logistics Ltd. with the necessary resources to strengthen its fleet capacity, enabling it to deploy Tata Motors Limited (TML) vehicles under its business, efficiently manage its fuel expenditure, streamline working capital, and meet the growing demand for its logistics service offerings.
Tata Motors Finance Extends INR 25 Cr Structured Credit Facility for BluSmart Mobility’s EV Fleet Expansion
Tata Motors Finance partnered with BluSmart Mobility, India’s first and leading EV ride-hailing service, and EV charging superhub infrastructure operator, to facilitate the expansion of its fleet and operations in Delhi NCR. The said credit facility is offered in the form of an umbrella financing cum lease solution that will enable BluSmart to expand its fleet by 200 EVs.
Commenting on this development, Samrat Gupta, MD & CEO of Tata Motors Finance, stated, "Tata Motors Finance is dedicated to provide solutions to EV fleet operators within TML ecosystem in fulfilling their mobility expansion needs through tailor-made credit offerings. Our partnership with BluSmart Mobility bears testament to TMF’s commitment to EV mobility space.
The signing ceremony, which marks a significant milestone, was attended by distinguished individuals including Anmol Singh Jaggi, CEO and Co-Founder of BluSmart and Samrat Gupta, MD & CEO of Tata Motors Finance; Anand Bang – Chief Operating Officer – Sales & Marketing; Surinder Kamboj – Business Head Passenger Vehicles, alongside other dignitaries, and stakeholders from Tata Motors Finance, and BluSmart Mobility.
Tata Motors Finance Elevates and Simplifies Digital Lending Capabilities with Fiserv
To advance its digital strategy and keep pace with rapidly evolving customer expectations, Tata Motors Finance partnered with Fiserv, a leading global provider of payments and financial services technology solutions, to further fortify its digital lending capabilities.
Tata Motors Finance has implemented FirstVision™ from Fiserv, a microservices-based platform-as-a-service with a set of APIs that supports orchestration of the digital user experience.
“We are delighted to collaborate with Fiserv to unlock avenues for innovative last-mile service offerings for our key customers,” said Samrat Gupta, MD & CEO of Tata Motors Finance. “The integration with FirstVision™ empowers us to offer on-tap digital finance solutions to commercial vehicle operators, covering their operating expenses like fuel, payroll and taxes, lubricants, tolls, insurance, spare parts, repairs, and tyres. Furthermore, the cutting-edge tech platform will help us introduce bespoke new age digital products that solve dynamic cash flow requirements of the logistics industry.”
The flexible architecture, scalability, and open APIs of FirstVision™ will enable Tata Motors Finance to easily and cost efficiently develop and launch new products to the market. Comprehensive features like customer management, seamless lending, collections modules, and rewards capabilities will streamline the company’s digital operations and enhance customer experiences while helping to ensure compliance requirements are met.