Tata Motors, India’s largest commercial vehicle manufacturer, has signed a five-year Memorandum of Understanding (MoU) with Meghalaya Rural Bank, a joint undertaking of Government of India, State Government of Meghalaya and State Bank of India, to bring a set of attractive financial solutions to its customers. With benefits applicable across the Tata Motors small commercial vehicle (SCV) range, this tie-up will aim to facilitate seamless availability of financing for aspiring buyers. Tata Motors will leverage Meghalaya Rural Bank’s strong network across the state of Meghalaya, spanning more than 90 branches and customer touchpoints, to make these solutions accessible for customers.
Tata Motors SCV range has nurtured self-employment in both urban and rural areas by providing a respectable means of livelihood to over 30 lakh Indians. Tata Motors pioneered in the SCV segment, with India’s first four-wheel mini-truck, the Ace, in 2005, and has exponentially evolved with vehicles engineered to cater to varied applications.
Addressing the rapid growth in the e-commerce industry, the Tata Ace and Tata Intra are the preferred vehicles for last-mile transportation. Commenting on this partnership, Smt. Tshering Diki, Chairperson – Meghalaya Rural Bank said, “Meghalaya Rural Bank is delighted to ‘connect aspirations’ in the state of Meghalaya via Tata Motors.”
