Tata Motors has announced good news for employees in the corporate world. The company tied up with HSBC Bank to provide easy handover of electric car keys to customers. This step is to increase the use of environmentally friendly electric vehicles in the country. It is conditionally said that car loan can be availed only if you have a salary account with HSBC Bank.
Tata Motors and HSBC Bank join hands
Having a salary account with HSBC allows you to enjoy the benefits of buying a car with no down payment. There are also low processing fees and no documentation charges. As a result, Tata hopes that more and more buyers will be interested in buying electric cars. Currently, Tata Motors is leading in the respective segment.
Currently Tata’s electric vehicle portfolio in the Indian market consists of four models – Nexon EV Prime, Nexon EV Max, Tiago EV Tigor EV. The Nexon EV is currently the country’s best-selling battery-powered four-wheeler. Recently they also set a unique record for fastest delivery by delivering 10,000 units of Tiago EV electric vehicle.
Commenting on this new initiative Shailesh Chandra, MD, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility said, “We are leading the way with more than 85,000 Tata electric vehicles on the road in the fastest growing segment. The tie-up with HSBC India will further encourage buyers to purchase electric vehicles.”