Meghalaya Rural Bank joins hands with Tata Motors for SCV financing

Shillong: Tata Motors has signed a five-year MoU with Meghalaya Rural Bank to bring a set of attractive financial solutions to its customers.

With benefits applicable across Tata Motors’ small commercial vehicle (SCV) range, this tie-up will aim at facilitating seamless availability of financing for aspiring buyers. The car manufacturer will leverage Meghalaya Rural Bank’s strong network across the state, spanning more than 90 branches and customer touchpoints, to make these solutions accessible to customers.

Commenting on this partnership, Tshering Diki, chairperson of Meghalaya Rural Bank, said, “Meghalaya Rural Bank is delighted to ‘connect aspirations’ in the state of Meghalaya via Tata Motors.”

Tata Motors’ small commercial vehicle range has nurtured self-employment in both urban and rural areas by providing a respectable means of livelihood to over 30 lakh Indians. Addressing the rapid growth in the e-commerce industry, the Tata Ace and Tata Intra are the preferred vehicles for last-mile transportation.

Rajesh Kaul, VP of sales and marketing of Tata Motors’ Commercial Vehicle Business, said, “Tata Motors has consistently placed customer welfare at the centre of its endeavours, striving to bring to them profitable value propositions. The Ace and the Intra range have redefined the last-mile transportation, with their comfort, reliability and low cost of ownership. With this partnership, we will join forces with Meghalaya Rural Bank to continue our dedicated efforts to serve our customers.”

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