NRB and Tata Motors sign MoU for seamless financing solutions

DIMAPUR — Nagaland Rural Bank (NRB) and Tata Motors have signed a Memorandum of Understanding (MoU) to provide attractive financing solutions for its commercial vehicle customers.

The collaboration marked a significant leap in enhancing the accessibility of financial services for Tata Motors commercial vehicles customers, stated an update from Tata Motors.

Under the partnership, both Tata Motors and Nagaland Rural Bank would be able to enhance the self-employment opportunity in the rural markets.

Deepanjan Roy, Tata Motors national business head of SCV Cargo and Pickups, “As a customer centric company, we are delighted to have partnership with Nagaland Rural Bank for providing our customers with easy and flexible financing options. The partnership aligns with our commitment to reach each and every potential locations of Nagaland. By integrating Nagaland Rural Bank’s expertise and reach, we aim to empower our customers with a range of financial solutions that suit their unique needs. This collaboration is a crucial step in our commitment to driving excellence in both product offerings and customer service.”

Speaking after the singing of MoU, VempralaVenkata Narayana, chairman of Nagaland Rural Bank said, “We are pleased to partner with Tata Motors to offer attractive financial solutions to their commercial vehicle customers. Our solutions are meticulously customised to meet the diverse requirements of customers, ensuring a tailored and seamless vehicle buying experience. We appreciate the ease of accessibility for vehicle financing is immensely beneficial for customers and we’re committed to enhancing the vehicle financing experience across Nagaland.”

Report anticipated that the strategic alliance would extend to all commercial vehicles offered by Tata Motors including Tata small commercial vehicle, buses and trucks.