Dear Dealer Partners,

I extend my heartfelt gratitude for your unwavering cooperation and partnership. I trust this Newsletter finds you in great spirits. Throughout the past quarters, India Inc’s commercial vehicle retail sales volume has consistently maintained an encouraging momentum, charting a dependable course for H2 2023 – 24.

This sustained momentum owes its existence to a confluence of factors, including robust replacement demand, the introduction of innovative product offerings, government-led initiatives in infrastructure development, and enhancements in road freight logistics.

It is worth noting that the forthcoming months, infused with the celebratory spirit of festivals, have injected fresh optimism into the market. This upside resurgence has not only resulted in improved cash flows but has also streamlined supply chain challenges across various vehicle categories.

In the backdrop of India's triumphant G20 presidency, the nation is now revving up its growth engines, further boosting the demand for commercial vehicles. We project that the H2 23-2024 will witness a sales volume 10-15% higher than the previous year. At Tata Motors Finance, we stand fully poised to extend our support to commercial vehicle operators, thereby contributing significantly to the nation-building endeavour.

Tata Motors Finance is fully equipped to navigate the ever-evolving market dynamics and headwinds. In alignment with Tata Motors Ltd.'s recent announcement of CV price increases, which have taken effect from October 1st, 2023, and apply to the entire TML commercial vehicle range, we look forward to work closely with our customers and dealer partners to offer tailored financial solutions to help them mitigate and ease the impact of these price adjustments.

In our run-up towards 2023-year end, we are putting together competitive and rewarding product schemes, specially designed to fuel your business and bring substantial value to your operations and expansion, further strengthening Tata Motors Finance’s market position.

Furthermore, I am pleased to apprise you that we are expanding our workforce by adding close to 1000 seasoned professionals across our ever-growing branch network throughout India. This strategic move is aligned to further fortify our market presence and enhance our ability to serve you better.

Embracing the philosophy of ‘winning together’ as our guiding compass, Tata Motors Finance remains committed to empowering your growth aspirations. As we journey ahead, we look forward to cross newer milestones of our shared successes.

Lastly, I wish to express my sincere appreciation for your solid trust and partnership. Once again, wishing you continued success and prosperity.

Yours truly,
Anand Bang,
Chief Operating Officer – Sales & Marketing,
Tata Motors Finance