Indian automobile manufacturer Tata Motors has entered into a partnership with Jammu and Kashmir Bank (J&K Bank) to cater to its passenger vehicle customers with auto finance solutions. The bank has become of the automaker’s preferred retail finance partner for its passenger car segment.
Commenting on the new tie-up, Mr. Ramesh Dorairajan Head Retail Channel Finance & Insurance Tata Motors stated that the vast network of the bank will enable the automaker to expand its retail auto finance services. He added that the bank will also be able to strengthen its hold in the auto finance sector in partnership with Tata Motors.
The bank aims to expand its auto loan and finance activities and to offer customers with competitive rates and speedy disposal, stated Mr. SK Bhat President J&K Bank. Emphasizing on the new vistas opened by the new partnership, he added that the bank will offer every possible support to the Tata customers through the J&K Bank branches across India.
