Tata Motors ties up with UCO Bank for commercial vehicle financing

Adding a new spruce to the repertoire seems to have become a hobby of the Tata Motors. After the recent launch of truck drivers training via an educational programme, this is the latest addition to the already successful striding Tata commercial vehicle wing. Reportedly, it now had tied up with the UCO Bank (formerly United Commercial Bank), for financing its range of commercial vehicles, to extend an arm for making the financial solution reach to the customers very fruitfully.

This tie up of the Tata Motors will offer loans of up to 85% on the commercial vehicles of Tata, that too for being slotted at on-road pricing, which means customer delight quotient is guaranteed every time with it. And starting at very competitive rates 11.50% p.a, the said bank had stretched repayment tenure of the loan up to 7 years. This facility is available at all the Tata Motors and UCO Bank outlets.

And with an additional spawning crank, Tata had recently doubled the warranty period to 4 years of its entire range of heavy trucks, measuring 25 tonnes and higher GVW (Gross Vehicle Weight). With this initiative being applied on its board, it has become the first company in India to offer a standard warranty of 4 years on heavy vehicles.

Tata Motors ties up with UCO Bank for commercial vehicle financing

Hence, it now seems the Indian automaker had deployed unbeatable perfection on the HCVs segment which we hope will take a lot of stretch for others to reach the spot where the current market leader is standing, while for some it is impossible even to target this sort of innovation in industry directly.

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