Tata Motors and Nagaland Rural Bank have signed a memorandum of Understanding (MoU) to provide attractive financing solutions for its commercial vehicle customers. A press release Tata Motors informed that the collaboration will mark a significant leap in enhancing the accessibility of financial services for Tata Motors commercial vehicles customers. Under the partnership, both Tata Motors and Nagaland Rural Bank would be able to enhance the self-employment opportunity in the rural markets.
Commencing on the collaboration, Deepanjan Roy, National Business Head – SCV Cargo and Pickups, Tata Motors, said, “As a customer centric company, we are delighted to have partnership with Nagaland Rural Bank for providing our customers with easy and flexible financing options.
The partnership aligns with our commitment to reach each and every potential locations of Nagaland.” Speaking on the announcement, Vemprala Venkata Narayana, chairman, Nagaland Rural Bank, said, “We are pleased to partner with Tata Motors to offer attractive financial solutions to their commercial vehicle customers. Our solutions are meticulously customized to meet the diverse requirements of customers, ensuring a tailored and seamless vehicle buying experience.” The strategic alliance will be extended to all commercial vehicles offered by Tata Motors, including Tata Small Commercial Vehicle, Buses and Trucks.