Tata Motors Passenger Vehicles (TMPV) and Tata Passenger Electric Mobility (TPEM) – subsidiaries of Tata Motors Ltd., India’s leading automobile manufacturer, today, have signed a MoU with Saraswat Bank, one of India’s largest cooperative banks. Through this partnership Saraswat Bank will offer customized auto retail financing solutions for customer looking to purchase internal combustion engine (ICE) and electric vehicles (EV) from Tata Motors.

This collaboration is designed to increase the accessibility of popular passenger vehicles (ICE + EV) in Tata Motors’ product portfolio by offering competitive interest rates to the customer, increasing their overall purchasing experience by enhancing affordability and convenience. This MOU was signed in the presence of senior leadership members from Tata Motors and Saraswat Bank.

Commenting on the partnership, Mr. Dhiman Gupta, Chief Financial Officer, Tata Passenger Electric Mobility Ltd. and Vice President, Tata Motors Passenger Vehicles Ltd., said, “As a brand focused towards customer centricity, we are always exploring opportunities to enhance convenience and affordability for the consumer. We strongly believe this partnership with Saraswat Bank is a step in the right direction, aimed at offering tailored financing solutions with competitive rates. This association reinforces our commitment to making the purchase of Tata Motors’ ICE and EVs more accessible while delivering a seamless and rewarding experience for our customers.”

Speaking on this occasion, Gautam Thakur, Chairman, Saraswat Bank, said, “We are glad to partner with Tata Motors to offer our customers a range of customized and competitive car financing solutions, aimed to make vehicle purchase easy and flexible. With this tie-up, we hope to provide wider choice options to our customers while also promoting the EV culture in the country”.

Tata Motors continues to lead the Indian automotive industry with its commitment to innovation, offering solutions that prioritize safety, intelligence, and sustainability. With a strong lineup of vehicles powered by petrol, diesel, CNG, and electric powertrains, the company ensures there’s a perfect match for every customer need. Celebrated for their quality, versatility, and forward-thinking design, Tata Motors’ vehicles resonate with the aspirations of modern consumers.