Tata Motors to raise $1 bn from TPG Group
Hyderabad In an effort to make its new "Forever range" of cars and UVs more accessible in these challenging times, the Tata Motors has rolled out exciting finance offers for its passenger vehicle customers in collaboration with India's leading NBFC Sundaram Finance.
As part of this partnership with Tata Motors, Sundaram Finance will provide six-year loans on the new "Forever range" of cars and UVs with 100 per cent financing that will require minimal down payment. The partnership is also offering a special financing plan 'Kisan Car Scheme' with extended and convenient repayment options for the farmers. As part of this, the farmers can repay the loan in installments once every six months coinciding with their harvest.
Rajan Amba, vice president, sales, marketing and customer care, passenger vehicles business unit, said: "We at Tata Motors, have always been committed to supporting our customers at all times. The recent Covid-19 upsurge has impacted everyone and to help our passenger car family in these challenging moments, we are delighted to be partnering with Sundaram finance to roll out special finance schemes."
AN Raju, Deputy Managing Director, Sundaram Finance said: "Car buyers have been looking for an exciting roll out and the new "Forever range", fits the bill. Through a lower down payment model and a lower EMI, we are proactively reaching out to the small business owners and making car ownership more affordable, thus paving for a safe travel."
