Tata Motors, India's largestcommercial vehicle manufacturer, has signed a Memorandum of Understanding (MoU)with Bajaj Finance Ltd., part of Bajaj Finserv Ltd., one of the country’slargest financial services groups. Bajaj Finance will offer financing solutionsacross the entire commercial vehicle portfolio, and customers will benefit fromthe company’s wide reach, competitive interest rates, flexi loan, anddigitally-enabled loan processing.

Commenting on this partnership,Rajesh Kaul, Vice President and Business Head – Trucks, Tata Motors CommercialVehicles, said, “We are confident that their inaugural venture into commercialvehicle financing will allow them to tap the immense potential that thetransportation sector brings in, and this partnership will benefitentrepreneurs across the country. With Bajaj Finance’s wide network in ruraland urban areas, customers will have easy access to financing solutions as pertheir requirements.”

Speaking on the development, AnupSaha, Deputy Managing Director, Bajaj Finance, “With our best-in-class processby using India stack, we aim to make the process of purchasing a commercialvehicle accessible and hassle-free.”

Girish Wagh, Executive Director,Tata Motors, Rajesh Kaul, Vice President and Business Head – Trucks, TataMotors, and Harjeet Toor, President – Bharat Lending and Strategic Partnership,Bajaj Finance among other officials from Tata Motors and Bajaj Finance at theMoU signing ceremony in Mumbai.