Tata Motors, India’s largest commercial vehicle manufacturer, has entered into a Memorandum of Understanding (MoU) with ESAF Small Finance Bank to provide enhanced financing solutions for its commercial vehicle customers. Initially focusing on Small Commercial Vehicles (SCVs) and Light Commercial Vehicles (LCVs), the collaboration is set to expand to cover Tata Motors’ entire range of commercial vehicles.
Vinay Pathak, Vice President and Business Head of SCV and PU at Tata Motors, emphasized the partnership’s potential to improve access to financing in underserved regions of the country. “This collaboration underscores our commitment to supporting our customers with tailored solutions that empower them to achieve their business goals,” he stated. Pathak noted that the initiative aims to foster entrepreneurship and job creation, particularly in the vital first- and last-mile logistics sectors.
ESAF Small Finance Bank’s Executive Vice President, Hemant Kumar Tamta, expressed enthusiasm about the partnership, highlighting a shared vision of empowering entrepreneurs. “With our extensive network and expertise in financial inclusion, we are confident this partnership will drive significant growth and support the ambitions of commercial vehicle businesses,” he said.
Tata Motors offers a diverse portfolio of vehicles, ranging from sub 1-tonne to 55-tonne cargo options and mass mobility solutions for 10-seater to 51-seater buses. The company is dedicated to delivering exceptional quality and service, backed by an extensive network of over 2,500 touchpoints manned by trained specialists.
Part of the USD 165 billion Tata Group, Tata Motors is a leading global automobile manufacturer. With a market-leading position in commercial vehicles and a top-three ranking in passenger vehicles, the company is committed to innovation and sustainability. Tata Motors is at the forefront of India’s electric vehicle transition, actively engaging with the government to shape policy frameworks for sustainable mobility.
With operations spanning India, the UK, South Korea, Thailand, and Indonesia, Tata Motors markets its vehicles across Africa, the Middle East, Latin America, Southeast Asia, and the SAARC countries, ensuring a global reach and influence.