Tata Motors partners with Finzo EV Solutions to make electric commercial vehicles more accessible
Under the MoU, Tata Motors customers will get access to quick loan disbursements, flexible repayment plans and a 25% assured buyback guarantee.
Tata Motors has teamed up with Finzo EV Solutions, a company specializing in the lifecycle of batteries, to make electric commercial vehicles more affordable. The two companies have agreed to work together under a memorandum of understanding (MoU). This agreement will allow Tata Motors customers to access fast loan approvals, adaptable repayment options, and a promise of receiving 25% of the vehicle's value when they choose to sell it back.
According to Pinaki Haldar, Vice President and Business Head for Small Commercial Vehicles and Pickups at Tata Motors, this partnership enhances the company's electric vehicle ecosystem by offering complete support to customers throughout their ownership journey. The main goal is to make the shift to zero-emission transport easier for customers all over India.
Varun Nair, Director at Turno, highlighted that electric commercial vehicles need customers to have better understanding and assurance about their vehicle's value over time. Nair stated that by joining forces with Tata Motors, Turno provides financing tailored to individual needs and assured buyback support. This collaboration aims to give customers more confidence in the long-term ownership and resale of electric commercial vehicles.
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