Mumbai, Nov. 11 -- Tata Motors has signed a Memorandum of Understanding with Finzo EV Solutions, operating as Turno, to provide financing structures and buyback guarantees for its electric small commercial vehicles and pickups range.

Under the agreement, customers purchasing models across the Ace Pro EV, Ace EV 1000 and Intra EV Pickup lineups will gain access to loan disbursements, repayment schedules and a 25 percent assured buyback guarantee.

The partnership utilises Turno's battery intelligence and lifecycle management systems to establish vehicle residual values and resale processes. The offering complements Tata Motors' commercial vehicle infrastructure, which includes access to more than 25,000 public chargers across 150 cities, ...