Tata Motors signs MoU with South Indian Bank for commercial vehicle financing; stocks rise

Tata Motors signs MoU with South Indian Bank for commercial vehicle financing; stocks rise

Tata Motors MoU with South Indian Bank: Tata Motors announced on Monday, April 29, that it has signed a memorandum of understanding (MoU) with South Indian Bank to offer convenient financing solutions to its commercial vehicle customers and dealerships. South Indian Bank will offer financing across the entire commercial vehicle portfolio, and customers, the press release said, will benefit from the bank’s wide network and specially curated easy repayment plans.
“The alliance represents a significant stride towards providing enhanced support to dealerships, fostering growth, minimising collateral requirements, lowering the rate of interest, and streamlining credit processing,” the press…
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