IndusInd Bank has joined hands with Tata Motors to offer an exclusive Electric Vehicle Dealer Financing solution to authorized passenger EV dealers. Under this scheme, IndusInd Bank will provide additional inventory funding with attractive pricing to authorized passenger EV dealers of Tata Motors.
This additional inventory funding would be over and above the ICE finance limit of the dealers. Repayment tenure will range from 60 to 75 days. Furthermore, IndusInd Bank will also offer additional limit to cater to high demand phases, which will be available to dealers 2 times in a year.
IndusInd Bank is one of the fastest-growing banks in the banking sector in India.