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.
The Ace EV is a holistic solution for hassle-free e-cargo mobility and 5-year comprehensive maintenance package. It is co-developed with stakeholders and has successfully completed real-world market trials. The Ace EV’s supporting ecosystem includes the development and deployment of charging infrastructure, setting up of dedicated Electric Vehicle Support Centres, deployment of Tata Fleet Edge, support of Tata UniEVerse, and partnerships with the country’s leading financiers.
Commenting on this partnership, Mr. Rajesh Kaul, Vice President, Sales & Marketing, Commercial Vehicle Business, Tata Motors, said, “We are confident that our collaboration will fast-track our efforts towards sustainable mobility and support the nation’s net-zero aspirations.