Indian automaker Tata Motors has signed a memorandum of understanding with Finzo EV Solutions, which operates as Turno, an India-based battery lifecycle company, to offer financing for buyers of its electric small commercial vehicles and pickups.

Tata Motors said the program will offer quick loan disbursals, flexible repayment plans, and a 25% buyback guarantee.

The companies said the partnership is meant to address financing and resale value concerns for buyers of electric commercial vehicles.

Tata Motors’ small-truck electric vehicle pages show the Ace EV and list the Intra EV pickup in its lineup, but the announcement does not say which models are covered by the financing arrangement.

Corporate filings show Finzo EV Solutions Private Limited is registered in Karnataka, India.

🔗 Source: YourStory