The tie up will make Corporation Bank the preferred financier for financing Tata Motors’ commercial vehicles. Corporation Bank will offer financing facilities to the eligible customers for purchasing Tata Motors commercial vehicles through its branches. The combination of the expertise and the reach brought to the table by both the organizations will provide the Indian customer much easier and quicker credit facilities.
Announcing the tie up with Tata Motors Ltd., Shri. V.S. Karthikeyan, General Manager, Corporation Bank said “The Bank is in the forefront of offering value added and innovative products and services to its clients. The tie up with Tata Motors Ltd. is one more step in this direction”. The Bank has recently introduced attractive incentive scheme to Vehicle Dealers and their Sales Executives for sourcing vehicle loan proposals.
Mrs. Swathi S M, Circle General Manager of Karnataka said that this MOU will herald new era in vehicle financing and anticipated that Tata Motors Ltd. will ensue that the Bank gets maximum business and mileage and this MOU will generate new business avenues for both the institutions.
Shri Ramana Garigiparthy, Regional Head, Tata Motors Ltd., said “Tata Motors Ltd., a leading automobile manufacturer of India inter alia manufactures and markets various models of commercial vehicles such as medium and heavy trucks, light trucks, small commercial vehicles and entire range of buses and its variants for transportation of goods and passengers. With its rich tradition and commitment to serve, Tata Motors has emerged as a market leader.
