Tata Motors and HSBC India Join Forces to Accelerate Electric Vehicle Adoption in the Corporate Sector

HSBC India and Tata Motors have allied to facilitate the acquisition of electric vehicles (EVs) by employees in the corporate sector. The primary objective of this partnership is to expedite the adoption of sustainable transportation in the nation. As part of this endeavor, individuals with a salaried account at HSBC India can apply for a custom-tailored loan explicitly designed for the purchase of a Tata Motors EV. This financing solution aims to simplify acquiring a vehicle by offering enticing benefits such as no down payment, minimal processing fees, and zero documentation charges. Moreover, those who avail themselves of this loan will receive an exclusive accessory kit to enhance their ownership experience with a Tata Motors EV.

Tata Motors, a trailblazer in India's electric mobility revolution, boasts an extensive range of products, including the Tiago. EV, which holds the distinction of being the fastest EV to reach 10,000 deliveries, the Nexon EV (India's top-selling EV), and the Tigor EV. With an impressive fleet of over 85,000 EVs already on the roads, Tata Motors stands at the forefront of the rapidly expanding EV market. Shailesh Chandra, the Managing Director of Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility, expressed his enthusiasm for the collaboration with HSBC India, which will widen the availability and appeal of their EVs to customers seeking sustainable transportation solutions.