Tata Motors has partnered with Finzo EV Solutions Pvt. Ltd. (Turno) to simplify the ownership of electric small commercial vehicles and pickups (e-SCVPUs) through customised financing schemes and an assured buyback programme.
The memorandum of understanding (MoU), signed in Mumbai on November 11, 2026, will provide Tata Motors customers with quick loan disbursements, flexible repayment options and a 25 per cent assured buyback guarantee. The initiative aims to address financing challenges and provide greater certainty over the resale value of electric commercial vehicles.
Varun Nair, Director of Turno, said the partnership would make the transition to zero-emission commercial mobility easier by combining customised financing with battery intelligence and EV lifecycle management. Pinaki Haldar, Vice-President and Business Head – SCVPU, Tata Motors Ltd, said the initiative would strengthen the company’s EV ecosystem by making vehicle ownership more predictable and accessible.
In Kolkata, the partnership could support the adoption of electric commercial vehicles among small businesses, fleet operators and last-mile delivery service providers, where affordable financing and resale value assurance remain important considerations.
Tata Motors’ e-SCVPU portfolio includes the Ace Pro EV, Ace EV 1000 and Intra EV Pickup. Its supporting ecosystem includes more than 25,000 public charging points across 150-plus cities, over 200 dedicated EV support centres, Sampoorna Seva 2.0 lifecycle care and Fleet Edge vehicle management services.