To provide financing options to its dealerships and consumers of commercial vehicles, Tata Motors announced on Monday, 29 April, that it has partnered with South Indian Bank.

According to a statement from Tata Motors, South Indian Bank will provide financing options for the whole line of commercial vehicles produced by the automaker as part of the Memorandum of Understanding (MoU).

“For our customers, easy access to financing solutions for their commercial vehicles is one of the key priorities for their operations. Our alliance aims to empower fleet owners and dealerships to achieve their business goals,” Rajesh Kaul, Tata Motors Commercial Vehicles Vice President & Business Head Trucks, said.

In addition to freight vehicles weighing less than one ton to fifty-five tons, Tata Motors provides a broad range of mass transportation options, such as pickup trucks, buses, and light commercial vehicles with capacities ranging from ten to fifty-one seats.

“Our collaboration with Tata Motors enables us to deliver seamless vehicle financing solutions to commercial vehicle dealers and customers,” South Indian Bank MD & CEO P R Seshadri said.