Tata Motors Partners with UCO Bank for Inventory funding for Dealers

New Delhi, June 26 -- Tata Motors Passenger Vehicles Ltd. (TMPV) and Tata Passenger Electric Mobility Ltd. (TPEM), both companies from Tata Group has made an announcement that a strategic partnership has been signed with UCO Bank. As per the partnership, UCO Bank will provide customized inventory funding solutions to their authorized dealers, helping them manage their working capital needs more efficiently. This MoU for this partnership was signed in the presence of senior leadership members from both Companies.

Commenting on these partnerships, Mr. Dhiman Gupta, Chief Financial Officer, Tata Motors Passenger Vehicles Ltd. said,

Speaking on this partnership, Mr. Shashi Kant Kumar, General Manager, UCO Bank said,

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Published by HT Digital Content Services with permission from GaadiKey.