13, Feb 2024
Tata Motors and Bandhan Bank sign MoU
Bengaluru, 12th February 2024: Tata Motors, India’s largest commercial vehicle manufacturer, has signed a Memorandum of Understanding (MoU) with Bandhan Bank, one of India’s fastest-growing private sector banks, to offer convenient financing solutions to its commercial vehicle customers. Under this collaboration, Bandhan Bank will offer financing across the entire commercial vehicle portfolio and customers will benefit from the bank’s wide network and specially curated easy repayment plans.
Commenting on this partnership, Mr. Rajesh Kaul, Vice President & Business Head – Trucks, Tata Motors, said, “We are delighted to announce our partnership with Bandhan Bank through this MoU, which represents a major milestone in our commitment to providing seamless financing solutions to our customers. This partnership reflects our commitment to providing accessible and efficient financial solutions, empowering our customers to achieve their business goals with ease. Together, we look forward to driving greater convenience and support for our valued commercial vehicle customers.”
Speaking on this announcement, Mr. Santosh Nair, Head, of Consumer Lending & Mortgages, Bandhan Bank, said, “Bandhan Bank is pleased to partner with Tata Motors to offer seamless vehicle financing solutions. This association reflects our dedication to serving the diverse financial needs of commercial vehicle customers. We are confident that this collaboration will enable us to extend our reach and provide tailored financing options to support the growth of businesses in the commercial vehicle segment.”
Tata Motors offers an extensive range of sub-1-tonne to 55-tonne cargo vehicles and 10-seater to 51-seater mass mobility solutions, ranging in small commercial vehicles and pickups, trucks, and bus segments to address the evolving needs of logistics and mass mobility segments. The company ensures unparalleled quality and service commitment through its extensive network of 2500+ touchpoints, manned by trained specialists and backed by easy access to Tata Genuine Parts.
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- By Rabindra
24, Jan 2024
Tata Motors Fleet Edge Digitally Connects 5 lakh Commercial Vehicles
Bengaluru, 24th January 2024: Tata Motors, India’s largest commercial vehicle manufacturer, today announced connecting 5 lakh commercial vehicles with Fleet Edge, its dedicated connected vehicle platform. Designed specially for efficient fleet management, Fleet Edge uses smart technologies to increase vehicle uptime and improve road safety. The platform shares actionable insights in real-time on vehicle status, health, location and driver behavior of every vehicle connected to it. This enables owners and fleet managers to take better decisions for enhancing operational efficiency, lowering logistics costs, and improving profits.
Speaking about reaching this first-of-its-kind milestone, Mr. Bharat Bhushan, Head – Digital Business, Tata Motors commercial vehicles, states, “Tata Motors is committed to making logistics more seamless and efficient. Fleet Edge has been a real game changer in this endeavour with its strong value proposition, data-based intelligence, real-time insights, and vehicle prognosis enabling smarter fleet management. Lakhs of our customers are seeing immense value in using it and benefiting from the increase in operational efficiencies and lower total cost of ownership of their trucks. As true partners, we are working closely with our customers to make their businesses more successful.”
Key features: Tata Motors Fleet Edge
- Real-time vehicle health insights
- Track and trace vehicles
- Driving behavior alerts
- Fuel consumption analysis
- Access to point of interest data
Fleet Edge comes with a user-friendly interface that displays an array of inputs received from various sensors pre-installed in a vehicle to regularly monitor vehicle health and increase its uptime with ready alerts for timely maintenance. It also analyses driving patterns to suggest fuel-saving techniques and tracks driving behaviour.
All commercial EVs, medium and heavy trucks, and buses from Tata Motors are Fleet Edge ready with a 4G SIM embedded in them. The Telematics Control Unit (TCU) is AIS 140 compliant, with safety and security functions. Advanced algorithms analyse data inputs from these smart vehicles on multiple parameters to present several value-adding insights. Fleet owners and managers can accordingly take better and informed decisions as per their business need. They can choose from Standard and Advance subscription schemes as per their requirements to optimise the Fleet Edge platform.
