- Easier to switch to electric vehicles
- A large amount of actual use
- Fast loan disbursement to Tata Motors customers
Tata Motors, India's largest commercial vehicle manufacturer, has signed a Memorandum of Understanding (MOU) with Finzo EV Solutions Pvt Ltd (TURNO), India's first battery intelligence and lifecycle management company, to provide customized financing plans for its Electric Small Commercial Vehicles and Pickups (e-SCVPU) customers.
Under this partnership, Tata Motors customers will benefit from fast loan disbursal, flexible repayment plans and 25 percent assured buyback guarantee.
Easier to switch to electric vehicles
Commenting on the occasion, Varun Nair, Director, Terno, said, Our mission at Terno is to accelerate the transition to green, zero-emission mobility across India by making the EV ownership journey easier and more profitable.
As electric commercial transportation accelerates, consumers need greater clarity and certainty about their vehicle's value over its lifecycle. Our collaboration with Tata Motors addresses these needs by bringing together customized financing and assured buyback support, making the shift to electric vehicles even easier.
With our experience in battery intelligence and EV lifecycle management, as well as the Assured Buyback program, we're building more confidence in the journey to own and resell electric commercial vehicles.
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A large amount of actual use
Commenting on the initiative, Pinaki Halder, Vice President and Business Head, SCVPU Division, Tata Motors Limited, said, Tata Motors is committed to democratizing clean mobility and accelerating the transition to sustainable last-mile logistics in India.
Our e-SCVPU range is designed to deliver superior performance, reliability and cost-effective operating costs, while making vehicle ownership easy, predictable and worry-free, only when actual usage is greatly increased. Our collaboration with Turno further strengthens our EV ecosystem by providing complete ownership assistance to customers.
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