On the occasion, Pravin Raghavendra“ Deputy Managing Director (Retail - Agri, SME & FI), State Bank of India, said, We are proud to partner with Tata Motors in an endeavour to offer attractive financing options for the Ace EV. We are confident that the new financing scheme will help individuals and MSMEs in purchasing the state-of-the-art, eco-friendly electric mini-truck.

Commenting on this partnership, Rajesh Kaul, Vice President, Sales and Marketing, Commercial Vehicle Business, Tata Motors, said, We are delighted to join hands with the largest bank in the country, the State Bank of India, to offer unique, seamless financing schemes for the Tata Ace EV customers. The MoU has further strengthened our aim to make Tata Ace EV more accessible to customers. We are confident that our collaboration will fast-track our efforts towards sustainable mobility and support the nations net-zero aspirations.

The new Ace EV is co-developed with rich collaboration with its stakeholders and has successfully completed stringent real-world market trials with its customers. Supported by a diligently curated ecosystem, the Ace EV comes with a holistic solution for hassle-free e-cargo mobility and a five-year comprehensive maintenance package. The Ace EVs supporting ecosystem includes the development and deployment of charging infrastructure, setting up of dedicated Electric Vehicle Support Centres for maximum fleet uptime, deployment of Tata Fleet Edge “ the next-gen optimal fleet management solution, support of Tata UniEVerse, the proven enabling eco-system of relevant Tata Group companies, and partnerships with the countrys leading financiers for availing funding.