Tata Motors Passenger Vehicles Ltd. (TMPV) and Tata Passenger Electric Mobility Ltd. (TPEM) have entered into a strategic partnership with UCO Bank to offer customized inventory funding solutions to their authorized dealer network. The collaboration aims to strengthen dealers' working capital management by providing seamless access to financing for both internal combustion engine (ICE) and electric vehicle (EV) inventories. The Memorandum of Understanding (MoU) was signed in the presence of senior leaders from both organizations.
Commenting on the partnership, Dhiman Gupta, Chief Financial Officer, Tata Motors Passenger Vehicles Ltd., said the company is committed to supporting its dealer partners, who play a vital role in its growth journey. He noted that the exclusive inventory funding programme would enhance dealers' ability to manage inventory efficiently while enabling Tata Motors to deliver a superior vehicle buying experience to customers.
Shashi Kant Kumar, General Manager, UCO Bank, said the partnership reflects the bank's commitment to strengthening the automotive dealer ecosystem through timely and accessible working capital solutions. He added that efficient inventory financing would help dealers meet their funding requirements, improve operational efficiency, and support sustainable business growth. The collaboration is expected to further strengthen the long-term relationship between UCO Bank, Tata Motors, and its nationwide dealer network.