Tata Motors and Vertelo Partner to Accelerate EV Leasing for Commercial Vehicles

Key Highlights:

• Tata Motors and Vertelo signed an MoU to offer leasing for Tata’s electric commercial vehicles.
• Fleet operators will get custom leasing plans with financing, charging support, and fleet services.
• Vertelo, backed by $200 million from the Green Climate Fund, aims to build a full EV ecosystem.
• Tata’s EV lineup includes Ace EV, Ultra, Starbus, Prima E.55S, and Ultra E.12.
• Government push and demand for low-cost, cleaner vehicles are boosting EV adoption in India.

Tata Motors and Vertelo joined hands by signing a Memorandum of Understanding (MoU). This partnership aims to introduce leasing solutions for electric commercial vehicles across India. The agreement allows Vertelo to offer tailored leasing choices for Tata Motors' entire range of electric commercial vehicles, promoting eco-friendly transportation options for fleet operators all over the country.

Leadership Insights:

Rajesh Kaul, Vice President and Business Head for Trucks at Tata Motors Commercial Vehicles, said that this partnership is an important move toward making electric mobility more accessible and bringing sustainable transport solutions to a wider range of customers.

Sandeep Gambhir, CEO of Vertelo, shared that this collaboration will help speed up the use of electric vehicles like buses, trucks, and mini-trucks. He also mentioned that it will help build a strong support system, making electric vehicles a practical option for commercial fleet owners.

India’s commercial vehicle industry is slowly moving towards electric vehicles, as many operators look for ways to lower running costs and reduce pollution. Government schemes and support for electric vehicle adoption have also played a big role in pushing this shift in the past few years.

This collaboration is set to ease the shift towards electric mobility with specialized leasing plans crafted for commercial vehicle operators. Vertelo will provide comprehensive solutions, covering financing, support for charging infrastructure, and services for managing fleets.

Tata Motors has a variety of electric commercial vehicles in India. These include the Tata Ace EV, which is designed for last-mile deliveries, and the Tata Ultra and Starbus ranges, which are used for mass transportation. The company has also introduced other electric models like the Tata Prima E.55S, Ultra E.12, and different types of electric buses to meet various commercial needs.

About Vertelo

Vertelo, set up and managed by Macquarie Asset Management, has secured up to $200 million in funding from the Green Climate Fund. The company aims to create a complete electric vehicle ecosystem, offering solutions that cover every stage of a vehicle’s life cycle.

About Tata Motors

Tata Motors, a part of the $165 billion Tata Group, is the leading commercial vehicle manufacturer in India. The company also ranks among the top three in the passenger vehicle segment. The company operates in several countries, including India, the UK, South Korea, Thailand, and Indonesia. It has played a key role in driving the shift towards electric vehicles in India.

Also Read: Tata Motors' Demerger and Sales Challenges: What's Ahead for FY26?

CMV360 Says

This partnership is a smart move that can make electric trucks and buses more accessible to businesses. With easy leasing and full support services, it’s likely that more fleet owners will feel confident switching to electric vehicles.