Srinagar, Jan 27: Tata Motors, India’s largest commercial vehicle manufacturer, has signed a Memorandum of Understanding (MoU) with Jammu and Kashmir Grameen Bank to strengthen and expand vehicle financing for its entire range of commercial vehicles, including the recently launched Tata Ace Pro.
The MoU aims to make commercial vehicle ownership more accessible by offering customers competitive interest rates, simplified documentation and faster loan disbursal processes. The initiative is expected to benefit small entrepreneurs, transport operators and first-time vehicle buyers across the region.
The MoU signing ceremony was attended by Sachin Gupta, General Manager, J&K Grameen Bank, and Deepak Gautam, Zonal Manager (North), Tata Motors Ltd, along with other senior officials from both organisations.
Officials said the partnership will leverage Jammu and Kashmir Grameen Bank’s extensive network of 330 branches across Jammu and Kashmir and Ladakh to ensure wider outreach and easy access to vehicle financing, particularly in rural and semi-urban areas.
