Tata Motors and South Indian Bank collaborate to offer exclusive Electric Vehicle Dealer Financing Programs for festive season, providing comprehensive retail financing solutions for customers. The MoU for this partnership was signed by Mr. Ramesh Dorairajan, Senior General Manager – Network Management & EV Sales, Tata Motors Passenger Vehicles Ltd.and Mr. Praveen Joy, Head, Transaction Banking Group, South Indian Bank.
Tata Motors leads the Indian automotive market with a 71% market share in e-mobility, producing over 90,000 EVs in personal and fleet segments. Mr. Ramesh Dorairajan, Senior General Manager – Network Management & EV Sales, Tata Motors Passenger Vehicles Ltd. said praised the partnership, stating that “Our dealer partners form an integral part in our journey towards enabling widespread EV adoption in India, and we are positive that this initiative will further allow us to democratize electric vehicles in the country.”
South Indian Bank pioneers technology-based banking, offering digital products and services. It has one of the youngest workforces in the banking sector in the country. The Bank’s Vision 2024 focuses on the 6 Cs – capital, CASA, cost-to-income, competency building, customer focus, and compliance.