Tata Motors Passenger Vehicles Ltd.

Tata Motors has signed a Memorandum of Understanding (MoU) with Srei Equipment Finance, a wholly owned subsidiary of Srei Infrastructure Finance. The MoU is to finance commercial vehicles with a special focus on construction and mining tippers.

The preferred financier agreement would allow both Srei and Tata Motors to explore enhanced growth prospects in the heavy-duty tipper truck segment in the country.

Tata Motors is India's largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia.