Rajesh Kaul, Vice President & Business Head – Trucks, Tata Motors Commercial Vehicles, expressed enthusiasm about the collaboration. He stated, "We are delighted to partner with Bajaj Finance, a company that shares our vision of providing top-notch solutions for customer delight. We are confident that their inaugural venture into commercial vehicle financing will allow them to tap the immense potential that the transportation sector brings in, and this partnership will benefit entrepreneurs across the country. With Bajaj Finance’s wide network in rural and urban areas, customers will have easy access to financing solutions as per their requirements. We look forward to providing enhanced convenience to our valued customers.”
Anup Saha, Deputy Managing Director, Bajaj Finance, underscored the customer-centric approach of the collaboration. He said, “At Bajaj Finance, customer centricity is ingrained in our business ethos. We provide customers with convenient financing solutions that elevate their overall ownership experience. Our partnership with Tata Motors exemplifies this commitment. With our best-in-class process by using India stack, we aim to make the process of purchasing a commercial vehicle accessible and hassle-free. We are confident that the partnership will empower more commercial vehicle owners with financing solutions.”
Tata Motors' commercial vehicle range spans from sub 1-tonne to 55-tonne cargo vehicles and 10-seater to 51-seater mass mobility solutions. This wide array covers small commercial vehicles, pickups, trucks, and buses, addressing the varied needs of logistics and mass mobility segments. The company supports its offerings through a comprehensive network of over 2,500 touchpoints, staffed by specialized personnel, and readily accessible Tata Genuine Parts.
Bajaj Finance stands out as one of the most diversified Non-Banking Financial Companies (NBFCs) in India. It operates across lending, deposits, and payments, serving over 83.64 million customers. As of March 31, 2024, Bajaj Finance's assets under management were reported to be INR 3,30,615 crore.
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