Improved asset quality to support profitability amid NIM compression The vehicle financing assets under management (AUM) for non-banking financial companies (NBFCs) are poised to surge to Rs 8.1 lakh crore by March 31, 2025, from Rs 5.9 lakh crore as on March 31, 2023, marking a compound annual growth rate (CAGR) of ~17% (see chart […]
Tata Motors, India’s largest commercial vehicle manufacturer, and HDFC Bank, India’s largest private sector bank enter into a Memorandum of Understanding (MoU) to provide attractive digital financing solutions for its commercial vehicle customers. This collaboration marks a significant leap in enhancing the accessibility of financial services for Tata Motors commercial vehicles customers. Under this partnership, […]
Standard Chartered Bank, India has announced a partnership with Tata Motors, India’s leading automobile manufacturer, for offering Supply Chain Finance Solutions to their passenger Electric Vehicle (EV) dealers. Currently Standard Chartered Bank offers inventory funding limits to the ICE dealerships of Tata Motors, across its Passenger and Commercial Vehicle businesses. The Memorandum of Understanding (MoU) […]
CSB Bank has signed a Memorandum of Understanding (MoU) with Tata Motors, India’s largest commercial vehicle manufacturer, to offer customised financial solutions for dealers in the Commercial Vehicle segment. The partnership will enable the network of Tata Motors’ dealers to get access to flexible and specialized financial schemes to enhance their operations. Commenting on the […]
Manappuram Finance India Ltd (MAFIL) has entered into a Memorandum of Understanding (MoU) with construction equipment manufacturer JCB India Ltd to finance the latter’s range of equipment and engineering products. The agreement was signed by Kamal Parmar, Head, of Vehicle and Equipment Finance, Manappuram Finance, and JCB India representative the other day. As per the […]
In the dynamic landscape of insurance, Chola MS General Insurance Company Limited, a joint venture between the Murugappa Group and Mitsui Sumitomo Insurance Company Limited, Japan, has grown consistently to expand its 26 states with over 600+ touch points, and a network of over 14,500 garages and 11,000 hospitals. The company’s growth rate of 30.3% […]
Greaves Retail, the retail unit of Greaves Cotton Limited, a provider of clean mobility and energy solutions in the e3W, ICE 3W, and SCV segments, and UGRO Capital Limited, a leading DataTech NBFC focused on MSME lending, today announced its partnership to offer financing to dealers. Under this collaboration, UGRO Capital will offer an array […]
Ashok Leyland, the Indian flagship of the Hinduja Group and country’s leading commercial vehicle manufacturer, signed a Memorandum of Understanding (MoU), with CSB Bank Ltd. to enter into a strategic vehicle financing partnership for its customers. This MoU will enable both Ashok Leyland and CSB Bank to offer customized financial solutions to them. Under this […]
Honda Cars India Ltd. (HCIL), leading manufacturer of premium cars in India, has partnered with Bajaj Finance Ltd., the lending arm of Bajaj FinServ Ltd., a leading financial services group in India, to offer attractive and affordable finance solutions for its customers. The partnership will help Honda customers avail exciting car finance schemes with low […]
Tata Motors Finance, one of India’s leading NBFCs pioneering in vehicle finance, and PASCO Motors LLP, a leading authorized dealer of Tata Motors in North India, have announced an Industry-first strategic partnership to offer a seamless digital credit line for an array of maintenance and servicing needs of commercial vehicles. The development was jointly announced […]
Ashok Leyland has announced a strategic partnership with Cholamandalam Investment and Finance Company Limited (Chola), the financial services arm of Murugappa Group, to facilitate inventory financing for the Ashok Leyland dealers. In a bid to enhance operational capabilities, the new alliance aims to provide 130 Ashok Leyland dealerships nationwide with an array of comprehensive inventory funding options to […]
Ashok Leyland has signed a Memorandum of Understanding (MoU), with IDBI Bank Ltd. to enter into a strategic channel financing partnership for its dealers. This MoU will enable both Ashok Leyland and IDBI Bank Ltd. to offer customized financial solutions to them. Commenting on the partnership, Gopal Mahadevan, CFO, Ashok Leyland, said, “With the combined strength […]
In a bid to accelerate the EV buying process, leading commercial EV maker Altigreen has partnered with Sundaram Finance – one of the most respected names in the Indian financial services sector, to provide customized retail financing solutions to its customers. As a result of the strategic tie-up, Sundaram Finance will offer its range of financial products to Altigreen’s […]
Tata Motors Finance, one of India’s leading NBFC pioneering in the vehicle finance industry, launched its first dedicated IT Infrastructure Development Centre in Pune. The strategic move aims to leverage Pune’s flourishing technology ecosystem, attract expert tech talents, and establish a centralized tech solution hub for Tata Motors Finance’s digital transformation initiatives. The centre was […]
Mahindra & Mahindra Financial Services Limited, (Mahindra Finance), part of the Mahindra Group, and one of India’s leading Non-Banking Finance Companies and Bank of Baroda (BOB), one of India’s leading public sector banks, have announced the signing of a partnership agreement for co-sourcing of car loan leads. Under this tie-up, Mahindra Finance will generate new and pre-owned […]