Tata Motors and its authorised UAE distributor, United Diesel, have signed a financial agreement with Emirates National Bank of Dubai (Emirates NBD).
Under the terms of the deal, the UAE-based bank will extend credit for the purchase of all commercial vehicles manufactured by the India-headquartered automaker and sold through United Diesel.
UAE-based customers seeking credit for the purchase of Tata Motors Commercial Vehicles can expect preferential treatment from Emirates NBD, according to the signees.
Rudarup Maitra, head of international business for Tata’s commercial vehicles business unit, said: “This strategic partnership [will] offer preferential rates, faster turnaround times, and best-in-class financial services to all Tata Motors’ commercial vehicle customers in the UAE.”
Hussam Al Hashimi, executive vice president and head of business and priority banking at Emirates NBD, added: “Emirates NBD is pleased to sign a strategic agreement with Tata Motors and United Diesel, both key players in the commercial vehicle space.
“Vehicular purchases in mature markets such as the UAE are primarily credit-based, and we are confident that our range of financing solutions and superior customer experience will provide enhanced support to their customers’ financing needs, while widening our partners’ customer base,” he concluded.
