To offer supply chain finance solutions to dealers, Tata Motors, TMPV, and TPEM partner with Bajaj Finance. Company is aiming to enhance the growth of the automotive industry in India. With this partnership it is expected that the collaboration will advantage dealers and also contribute to enhancing the growth of the automotive industry in India.

On detailed note, a leading & famous automobile company, Tata Motors announced that its passenger vehicles and passenger electric mobility subsidiaries have join hands with most prestigious Bajaj Finance to offer supply chain finance solutions to their dealers.

The subsidiaries of Tata Motors such are Tata Passenger Electric Mobility (TPEM) and Tata Motors Passenger Vehicles (TMPV) have collaborated with Bajaj Finance to provide supply chain finance solutions to their dealers of passenger and electric vehicles.

Under a Memorandum of Understanding (MoU), both the companies will come together and collaborate to utilize Bajaj Finance's widespread network in India. The big aim behind this collaboration is to assist TMPV and TPEM dealers in accessing funding with minimal security.

“The partnership with Bajaj Finance will enhance the dealer partners' access to more working capital, “statement was made by Dhiman Gupta, TPEM CFO and TMPV Director told PTI.

"Through this financing programme, we will arm TMPV and TPEM's authorised passenger and electric vehicle dealers with financial capital, which will enable them to seize the opportunities offered by a growing passenger vehicles market," Bajaj Finance Deputy Managing Director, Anup Saha said.