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BREAKING NEWS
100Days: Thirike, Neestream and Gopi Make their Way into the India Book of Records
Aalekh Foundation Announces 3rd Edition of the Aalekh Women Achievers Awards
The Israel Ministry of Tourism Successfully Concludes Largest Civilian Evacuation Operation
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Shallow Earthquake of Magnitude 4.4 Jolts Delhi-NCR
AR Classroom of KSUM Startup Infusory at 121 Tribal Schools in Maharashtra
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  • Automobile
  • Tata Motors and SBI Sign MoU for Ace EV Financing Solutions

    By NE Reporter on March 3, 2023

    KOCHI:
    Tata Motors, India’s largest commercial vehicle manufacturer has signed a Memorandum of Understanding (MoU) with State Bank of India (SBI), country’s leading public sector bank to offer unique financing solutions for the purchase of the all-new Tata Ace EV – India’s most advanced, zero-emission, four-wheel commercial vehicle. Through this partnership, Tata Motors will leverage SBI’s strong network to make these solutions accessible to customers.

    On the occasion, Pravin Raghavendra– Deputy Managing Director (Retail – Agri, SME & FI), State Bank of India, said, “We are proud to partner with Tata Motors in an endeavour to offer attractive financing options for the Ace EV. We are confident that the new financing scheme will help individuals and MSMEs in purchasing the state-of-the-art, eco-friendly electric mini-truck.”

    Commenting on this partnership, Rajesh Kaul, Vice President, Sales & Marketing, Commercial Vehicle Business, Tata Motors, said, “We are delighted to join hands with the largest bank in the country, the State Bank of India, to offer unique, seamless financing schemes for the Tata Ace EV customers. The MoU has further strengthened our aim to make Tata Ace EV more accessible to customers. We are confident that our collaboration will fast-track our efforts towards sustainable mobility and support the nation’s net-zero aspirations.”

    The new Ace EV is co-developed with rich collaboration with its stakeholders, and has successfully completed stringent real-world market trials with its customers. Supported by a diligently curated ecosystem, the Ace EV comes with a holistic solution for hassle free e-cargo mobility and 5-year comprehensive maintenance package. The Ace EV’s supporting ecosystem includes development and deployment of charging infrastructure, setting up of dedicated Electric Vehicle Support Centres for maximum fleet uptime, deployment of Tata Fleet Edge – the next-gen optimal fleet management solution, support of Tata UniEVerse, the proven enabling eco-system of relevant Tata Group companies, and partnerships with the country’s leading financiers for availing funding.

    Iscea

    NE Reporter

    commercial vehiclefinancing solutionsSBIState Bank of IndiaTata MotorsTate Ace EVzwro emission

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    • Aalekh Foundation Announces 3rd Edition of the Aalekh Women Achievers Awards
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    • Aalekh Foundation Announces 3rd Edition of the Aalekh Women Achievers Awards
    • The Israel Ministry of Tourism Successfully Concludes Largest Civilian Evacuation Operation
    • Bihar Police Bans Makeup for Women Officers on Duty
    • Shallow Earthquake of Magnitude 4.4 Jolts Delhi-NCR
    • AR Classroom of KSUM Startup Infusory at 121 Tribal Schools in Maharashtra

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