Tata Motors Finance and Punjab National Bank Announced Co-sourcing
Pact for Financing of Commercial Vehicles

In a major move, Tata Motors Finance (TMF) and Punjab National Bank (PNB) joined forces by forming a strategic collaboration. The partnership aims to provide convenient, accessible, and robust financing solutions to empower commercial vehicle owners and fleet operators.

The partnership marked a significant milestone, further propelling the existing relationship between Tata Motors Finance and Punjab National Bank to newer heights.

The co-sourcing arrangement further leveraged the strengths and capabilities of both institutions, enabling a seamless and efficient financing experience for commercial vehicle operators and fleet owners.

Samrat Gupta, MD & CEO, Tata Motors Finance Solutions Limited, expressed his delight about the partnership. He said, “Our co-sourcing collaboration with PNB echoes deeply with our shared commitment to driving financial excellence within TML ecosystem. Given the capital-intensive nature of the commercial vehicle and logistics sector, our collaborative strength open-up numerous avenues to effectively address and meet the diverse requirements of the sector.

This partnership signifies our unwavering resolve to drive transformative cost-efficient growth for a prosperous future of our commercial vehicle customers."

The co-sourcing framework has been meticulously forged by the dedicated teams at PNB and TMF. This collaborative effort has opened promising avenues for Commercial Vehicle financing, enabling growth and expansion opportunities for MSME business across geographies, especially for both CV owners and fleet operators.