HDFC Bank announced a partnership with Tata Motors to provide digital financing solutions to its commercial vehicle clients. The two firms had signed a Memorandum of Understanding (MoU) to that effect.
According to the agreement, Tata Motors clients can now easily access HDFC Bank’s vehicle finance solutions via Tata Motors’ online sales platform and the Tata e-Guru mobile application.
“The integration of financial services into the digital ecosystem will ensure a streamlined process, allowing customers to select their preferred financier that suits the requirements,” the company said.
Rajesh Kaul, Vice President & Business Head Trucks, Tata Motors said, “This partnership aligns with our commitment to enhancing customer experience through innovative digital solutions. By integrating HDFC Bank‘s expertise and reach, we aim to empower our customers with a range of financial choices that suit their unique needs.” This alliance will cover all commercial vehicles offered by Tata Motors, including buses, trucks and small commercial vehicles and pickups.
“Our solutions are meticulously customised to meet the diverse requirements of customers, ensuring a tailored and seamless vehicle buying experience.
Balaji Varma, Executive Vice President, Commercial Vehicle Group, HDFC Bank said, “We appreciate that the ease of accessibility for vehicle financing is immensely beneficial for customers and we’re committed to enhancing the vehicle financing experience”.
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