Tata Motors Passenger Vehicles Ltd. (TMPV) and Tata Passenger Electric Mobility Ltd. (TPEM) have announced a strategic partnership with UCO Bank to provide customised inventory funding solutions for their authorised dealers. The MoU was signed in the presence of senior leadership from both organisations.
The partnership aims to help dealers manage their working capital requirements more efficiently, covering both electric and internal combustion engine vehicles across Tata Motors’ passenger vehicle portfolio.
Mr. Dhiman Gupta, Chief Financial Officer, Tata Motors Passenger Vehicles Ltd., said, “We are delighted to partner with UCO Bank to assist our authorised dealer partners with an exclusive inventory funding programme. Our network of dealers stands as a key pillar of support for us, and we believe this collaboration will further strengthen their ability to manage inventory effectively and help us deliver a seamless buying experience for our customers.”
Mr. Shashi Kant Kumar, General Manager, UCO Bank, added, “Dealers play a critical role in the automotive value chain, and timely access to working capital is essential for sustainable business growth. This partnership will enable dealers to manage their funding requirements more efficiently, and we look forward to building a strong and mutually beneficial relationship with Tata Motors and its dealer network.”
The collaboration underlines the growing importance of financial partnerships in strengthening automotive retail ecosystems, as manufacturers look to support their dealer networks amid evolving market dynamics.
