Tuesday, February 7, 2023
HomeArticleTata Motors joins hands with Axis Bank for EV dealer finance, know...

Tata Motors joins hands with Axis Bank for EV dealer finance, know what will be the benefit

According to Tata Motors, the repayment period for this program will range from 60 to 75 days. Apart from this, the bank will also provide an additional limit, which will be available to the dealers thrice a year, to meet the high-demand phases. Ramesh Dorairajan, Senior General Manager, Network Management and EV Sales, Tata Motors Passenger Vehicles has given information.

Ramesh Dorairajan said, “Our dealers join us in our journey to drive widespread EV adoption in the country. We are positive that this initiative complements our vision of achieving the goal of green mobility and promoting sustainability in the mobility sector in the country. will support.”

Tata Motors joins hands with Axis Bank for EV dealer finance, know what will be the benefit

The MoU for this partnership was signed by Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicle Limited and Sumit Bali, Group Executive and Head (Retail Loans and Payments), Tata Passenger Electric Mobility Limited and Axis Bank in the presence of other senior officials.

Sumit Bali said, “This industry-first solution will help the bank to expand its base to new consumer segments and meet their financial needs. We are confident that the EV market will grow rapidly and this partnership will contribute significantly to this growth.” Giving will go a long way.”

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Tata Motors joins hands with Axis Bank for EV dealer finance, know what will be the benefit

Talking about the electric vehicles of Tata Motors, the company has recently changed the name of its most popular electric car Tata Nexon EV to Tata Nexon EV Prime and also this electric has also been given some feature updates, which is the company’s Tata Nexon EV. Seen in Nexon EV Max.

As a feature addition, the Tata Nexon EV Pri gets features like multiple region modes, cruise control, smartwatch connectivity and i-TPMS. It is worth noting that these new features will also be rolled out to existing Tata Nexon EV owners through a software update.

Tata Motors joins hands with Axis Bank for EV dealer finance, know what will be the benefit

Talking about the new long range version of the Tata Nexon EV, the Tata Nexon EV Max is being sold in three color options – Daytona Grey, Pristine White and Intensity-Teal. Its intensity-teal color option is exclusively offered only for the new Tata Nexon EV Max.

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