Tata strengthens financing services for company’s small commercial vehicles and pick-ups with the launch of the Ace Pro

Mumbai : Tata Motors, India’s largest commercial vehicle manufacturer, announced that it has signed a Memorandum of Understanding (MoU) with Maharashtra Gramin Bank (MGB) to strengthen its commercial vehicle portfolio with a focus on its Small Commercial Vehicles and Pick-Ups (SCVPU) range, including the S Pro. The collaboration will make vehicle purchasing easier for customers , offering low interest rates , easy documentation and fast loan disbursal. Maharashtra Gramin Bank’s extensive network of 748 branches will provide affordable EMIs to aspiring entrepreneurs, transporters and first-time vehicle buyers , helping them start and grow their own businesses.

Tata Motors’ Small Commercial Vehicles and Pick-Ups have long been a pillar of Maharashtra’s economy , serving the tourism, agriculture and horticulture sectors of Maharashtra . The SCVPU portfolio caters to the diverse needs of diverse and challenging regions across the state, facilitating the transportation of agricultural produce from key agricultural regions , supporting tourism in urban and rural areas. The company’s advanced cargo solutions offer customers the flexibility to choose from a variety of fuel options and configurations to suit their business.

Commenting on the collaboration , Mr. Pinaki Helder, Vice President and Business Head, SCVPU, Tata Motors Commercial Vehicles said , ” At Tata Motors, we are committed to empowering entrepreneurship and making livelihoods possible through reliable and affordable mobility solutions. Our collaboration with Maharashtra Gramin Bank is a strategic step towards making our SCVPU range more accessible through convenient and attractive financing options.” With fast approvals and convenient refund structures, this collaboration will enable first-time vehicle buyers , transporters and small business owners in Maharashtra to start and grow their businesses with confidence. Backed by Maharashtra Gramin Bank’s strong regional network and in-depth knowledge of the local market, we aim to drive more economic opportunities across the state.

The MoU was signed in the presence of Milind Gharad, Chairman, Maharashtra Gramin Bank and senior officials of Maharashtra Gramin Bank and Tata Motors.

Tata Motors offers a wide range of Small Commercial Vehicles and Pick-ups with payload capacities ranging from 750 kg to 2 tonnes and available in various powertrains including diesel, petrol , CNG , bi-fuel and electric. The portfolio includes India’s most successful commercial vehicle, the Tata Ace, which is empowering over 25 lakh entrepreneurs. The Intra Pick-up takes the category to new heights with improved drivability and high payload capacity , while the powerful Yodha is designed for rugged terrains , ensuring easy transportation of goods to remote areas.

The portfolio is further strengthened by powerful trucks , such as India’s most economical four-wheel mini-truck S Pro , designed to meet diverse operating needs, and the S Gold+ diesel mini-truck with innovative technology that reduces the cost of operations. Tata Motors’ SCVPU range offers durability, reliability and great value , backed by an extensive sales and service network and Star Guru network.