JSW MG Motor India partners with Tata Capital to enhance channel finance options
Tailor-made financing options with flexible repayment tenure and competitive interest
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Hyderabad: JSW MG Motor India has signed a partnership contract with Tata Capital, the flagship financial services company of the Tata Group, to bolster channel-financing options for its dealers. The collaboration aims to support JSW MG Motor India dealers with working capital, term loans, demo car loans, leasing solutions and off-balance sheet structured solutions, catering to their growing business needs.
Leveraging Tata Capital’s expertise in providing need-based financial solutions, JSW MG Motor India aims to facilitate seamless access to financing resources, fostering a conducive environment for dealership expansion and development. Each of the channel financing options offered, carry the benefits of customization, flexible repayment tenure options and competitive interest rates. This collaboration will enhance operational efficiency, promote business sustainability, and foster long-term success for all stakeholders.
Commenting on the partnership, Satinder Singh Bajwa, Chief Commercial Officer at JSW MG Motor India, said, “We are delighted to partner with Tata Capital to expand our channel financing options. This strategic partnership underscores our commitment to supporting our dealer partners with financial solutions, encouraging them to grow their businesses sustainably.”
Narendra Kamath, COO, SME Finance from Tata Capital said, “Our strategic partnership with JSW MG Motor India resonates with Tata Capital's vision of growing through collaboration. Our tailor-made products will cater and enable the distribution network of JSW MG Motor India with the apt resources to leverage emerging prospects seamlessly.”
