Tata Motors has partnered with battery lifecycle management firm Finzo EV Solutions, operating under the Turno brand, to provide customised financing schemes for customers purchasing its electric small commercial vehicles and pickups (e-SCVPUs), PTI reported.
Under a memorandum of understanding (MoU), customers will have access to faster loan disbursements, flexible repayment options and an assured buyback guarantee of 25%, the company said.
Pinaki Haldar, Vice President and Business Head – SCVPU at Tata Motors Ltd, said the partnership would strengthen the company’s electric vehicle ecosystem by providing end-to-end ownership support.
He said the initiative aims to address financing challenges and provide greater assurance about the vehicle’s long-term resale value, encouraging customers across the country to shift to zero-emission mobility.
Varun Nair, Director at Turno, said customers needed greater clarity and assurance about the value of electric commercial vehicles throughout their lifecycle as electric mobility gained momentum.
He said the partnership combines customised financing with assured buyback support to make the transition to electric commercial vehicles easier.
Nair added that Turno would leverage its expertise in battery intelligence and EV lifecycle management, along with its buyback programme, to provide greater certainty around vehicle ownership and resale, according to PTI.
