Tata Motors Passenger Vehicles Ltd.

Tata Motors’ subsidiaries -- Tata Motors Passenger Vehicles (TMPV) and Tata Passenger Electric Mobility (TPEM) have signed a Memorandum of Understanding (MoU) with Saraswat Bank, one of India’s largest cooperative banks. Through this partnership Saraswat Bank will offer customized auto retail financing solutions for customer looking to purchase internal combustion engine (ICE) and electric vehicles (EV) from Tata Motors.

This collaboration is designed to increase the accessibility of popular passenger vehicles (ICE + EV) in the company’s product portfolio by offering competitive interest rates to the customer, increasing their overall purchasing experience by enhancing affordability and convenience. 

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. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.