HSBC India teams up with Tata Motors for EV financing solutions

HSBC India has teamed up with Tata Motors for financing the purchase of the latter’s electric vehicles by the employee working in the corporate sector. Under the collaboration, consumers holding a salaried account with HSBC India will get a chance to apply for a tailor-made loan to purchase an electric vehicle from Tata Motors’ EV portfolio, the domestic auto major said in a statement.

Besides, the customers will be able to apply for a loan with zero down payment, no hypothecation, low processing fee and no documentation charges, among others, making vehicle financing simple and easier, it added.