Dear Dealer Friends,

As we step into this new quarter, I want to take a moment to reflect on our collective accomplishments from the previous quarters and share some key insights on H1 2023-24 with all of you.

Following India's successful G20 presidency, our nation's prominence on the global stage continues to shine ever brighter, cementing India’s reputation as a resilient powerhouse, leading the way forward for both emerging economies and developed nations alike.

One compelling aspect of India's ascent translates into sustained demand for commercial vehicles (CVs), often viewed as an initial and integral barometer of our country’s economic growth. This sustained demand is not a mere fleeting trend; it's a steady progression driven primarily by the ongoing pace of infrastructure development across the country.

Recognizing the promising prospects of the Commercial Vehicle market in the foreseeable future, Tata Motors Finance remains committed to forging strategic partnerships. In the quarter gone by, we fused our synergies with Punjab National Bank (PNB) to deliver simple, accessible, and robust financing solutions to fleet owners and commercial vehicle operators across geographies.

In line with India's growing commitment to green and sustainable mobility, we are fully dedicated to supporting all EV fleet operators. To these beginnings, we collaborated with Everest Fleet and BluSmart Mobility, enabling them to expand their rapidly multiplying passenger vehicle fleets, further strengthening the Tata Motors Ltd. led EV ecosystem.

Tata Motors Finance is evolving at an unprecedented pace. It fills me with immense pleasure to inform you that the ethos of 'Winning Together' is taking deeper roots, fostering mutual growth and success holistically, positioning us as the “preferred” life cycle auto financier for commercial vehicle operators across the industry.

We look forward to playing an enabling role in the growth journeys of countless commercial vehicle operators. This collaborative spirit not only strengthens our bonds but also propels us towards newer horizons of success and unchartered territories, propelled by shared success, innovation, and excellence.

Lastly, I extend my heartfelt gratitude for your continuous support and unwavering trust in us. I am confident that, our combined efforts and synergies will convert into shared victories.

In alignment with our renewed philosophy, let us continue to win together, as we navigate the exciting journey towards prosperity and growth.

As Henry Ford rightly said, "Coming together is a beginning, staying together is progress, and working together is success."

Kind regards,
Samrat Gupta
MD & CEO,
Tata Motors Finance