AU Small Finance Bank, India’s largest Small Finance Bank, signed an agreement with Tata Motors – India’s leading automotive brand; offering finance options to customers on the company’s New Forever range of passenger cars and UVs.
The bank will offer maximum financing on vehicle as per individual’s requirements with EMI options with a repayment tenor of up to seven years. The bank said it has designed certain exclusive features for Tata Motors car buyers availing the car finance option.
Bhaskar Karkera, Head of Wheels Business, AU Small Finance Bank, “We are pleased to partner with Tata Motors as the desired financier for passenger vehicle loans. With this association, we are hopeful to leverage the extensive reach of both the brands in rural, semi-urban and urban markets and empower many Indians to fulfil their dreams of owning their vehicles. The Bank’s tie-up with Tata Motors will be a win-win for customers as they can access best-in-class personal mobility solutions with the finest finance option from AU Bank.
Karkera said, “With Electric Vehicles demand on the upswing, we are also excited to help contribute to a greener, brighter future by providing finance for such emission-friendly mobility. We strongly feel that our car loan facilities will appeal to the target markets in India. This tie-up is evidence of the Bank’s ongoing endeavour to fulfil the needs of emerging India.”
Ramesh Dorairajan, Senior General Manager – Network Management & EV Sales, Tata Motors Passenger Vehicles Ltd, said, “We are delighted to partner with AU Small Finance Bank, India’s largest Small Finance Bank, to make our extensive range of vehicles available to a larger set of customers, with easy financing and flexible repayment options. This tie up is in line with Tata Motors’ aim to make mobility solutions more affordable and accessible for individuals and families at beneficial rates. We look forward to a successful and a mutually beneficial partnership.”
This offer is available across AU Small Finance Bank branches and Tata Motors dealers across the states like Jammu, Himachal Pradesh, Haryana, Punjab, Delhi NCR, Rajasthan, Gujrat, Maharashtra, Goa, Madhya Pradesh, Chandigarh, Chhattisgarh, etc.