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The finance solutions align with Standard Chartered’s ongoing support for Tata’s Internal Combustion Engine (ICE) dealerships. The partnership is expected to fortify Tata Motors’ dominance in the EV market where it already holds a commanding 73% share. It’s also designed to stimulate nationwide EV adoption.
Ankur Khurana, co-head of client coverage for corporate, commercial and institutional banking at Standard Chartered, sees this partnership as a way to strengthen the bank’s long-standing engagement with the Tata Group. Dhiman Gupta from TPEML views the exclusive financing program as a strategic move to increase EV adoption, support authorized dealer partners, and expand TML’s presence in the growing EV market.
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