HSBC India collaborates with Tata Motors to promote the adoption of electric vehicles.

Tata Motors is India's premier vehicle manufacturer and the country's pioneer of the EV revolution. This relationship with HSBC India will increase the appeal and reach of Go.ev clients.

HSBC India collaborated with Tata Motors to develop a corporate employee finance solution. This will encourage customers to buy electric vehicles. This initiative encourages the use of zero-emission electric vehicles Tata Motors is India's premier vehicle manufacturer and the country's pioneer of the EV revolution.

Customers with a salary account at HSBC India would be able to apply for this loan to buy an electric vehicle from Tata Motors' EV portfolio. Buyers can apply for a loan with no down payment, hypothecation, a small processing charge, and no documentation fees as part of this initiative. As a result, the entire EV purchasing process will become simple and a highly appealing deal to all prospective customers.

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Suman Bery, Vice Chairman of NITI Aayog, stated that they were committed to expanding this ecosystem across the country, which will boost the use of electric vehicles. While we are focused on establishing momentum and enabling infrastructure, we welcome corporate help in this endeavour. We applaud HSBC India and Tata Motors' efforts to raise awareness and promote access to EVs and their dedication to India's bigger aim of shifting to green transportation solutions.

Tata Motors is the market leader in this fast-growing segment, with over 85,000 EVs on the road. This relationship with HSBC India will increase the appeal and reach of Go.ev clients. Customers can choose the EV that best suits their needs with tata motors’ new generation vehicles.