Tata Motors ties up with private lenders for commercial vehicles financing
Comment of the Day

January 18 2021

Commentary by Eoin Treacy

Tata Motors ties up with private lenders for commercial vehicles financing

This article from Bloomberg may be of interest to subscribers. Here is a section:

 

Homegrown auto major Tata Motors on Monday said it has entered into partnerships with leading private banks, including HDFC Bank, ICICI Bank and Yes Bank, to fund its commercial
vehicles.

The tie-ups aim to enhance value offerings for customers of both new as well as pre-owned vehicles throughout the customer lifecycle, Tata Motors said in a statement. The offerings arising out of these tie-ups will include ancillary financial provisions such as fuel financing, working capital financing, aggregate financing and service cost financing. It will enable customers to avail attractive
financial schemes from all the partner financiers with minimal formalities, it added.
 

Eoin Treacy's view

India’s positive demographics and massive pharmaceuticals manufacturing capacity puts in a very positive position to come out of the pandemic in a strong position. The USA published its geopolitical template for East Asia last week. India is a big part of that. The Western world wants to build up India to counterbalance China’s dominance of the region. That suggests an easier path to development for India over the coming decade. 

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