Tata Motors Finance and PASCO Motors LLP Partner to Introduce Industry-First Digital Credit Facility for Commercial Vehicle Servicing and Maintenance

Commenting on the announcement, Samrat Gupta, MD & CEO, Tata Motors Finance, said, “Management of operating cash flows has emerged as a primary need for commercial vehicle fleet operators. In light of this, we have developed this facility to assist our key customers in managing their working capital efficiently, while addressing the upkeep and servicing requirements of their fleet through authorized workshops of Tata Motors. By leveraging our synergies with PASCO Motors LLP, we are reinforcing our commitment to delivering customer-centric credit solutions to all commercial vehicle operators. We will evaluate the success of this program, and progressively extend to our dealer partners and customers on pan India basis.”

With both industry leading players teaming up, the strategic partnership is set to leverage the extensive network of service centres of PASCO Motors LLP, combined with decade-long established market presence of Tata Motors Finance to provide exceptional, innovative, and convenient credit line solutions that address the evolving needs of commercial vehicle customers.

The event was graced by leading logistics players, Mr. Kunal Jain, Director – Automobile Carriers, Mr. Vikrant Gupta, Director – Supreme Auto Carriers Pvt. Ltd., Mr. Vipul Nanda, Chairman and Managing Director – Pallia Trans Logistics Pvt. Ltd., and Mr. Chander Bindal, Director – Tejas Cargo India Pvt. Ltd., expressing their unanimous appreciation for this industry first solution. They recognized its potential to significantly enhance their cash flow management. By leveraging this innovative solution, these logistics players anticipate better financial control and a streamlined approach to optimizing their operational resources.

About Tata Motors Finance:

Tata Motors Finance Limited (TMFL) is the leading and most preferred financial Institution engaged in financing the entire range of Tata Motors Commercial Vehicle. It is a non-deposit taking systemically important (ND-SI) NBFC. TMFL is one of the pioneers of vehicle financing established way back in 1957 under a different name. The company has a strong footprint across India and operates through its own 350+ branch networks, in addition to Tata Motors dealers’ sales outlets. TMFL’s business interests are focused on benefiting the parent company and its strategic partners within the Tata Motors eco-system.

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