Business & Money | Thursday 2 March, 2017 1:44 pm |

TATA Motors Limited and United Diesel LLC have signed an agreement with Emirates NBD, a leading bank in the region and a major player in the vehicle finance space, to offer financial services to customers of TATA Motors Commercial Vehicles. Under the agreement, Emirates NBD will extend credit for purchase of all models of Commercial Vehicles manufactured by TATA Motors and sold through United Diesel LLC. With this tie-up, customers can expect preferential attention to their credit needs while purchasing TATA Motors vehicles at the high service levels associated with Emirates NBD. The partnership will also allow TATA Motors and United Diesel to offer attractive schemes such as offering credit at reduced rates etc. to their customers.

This tie-up continues the longstanding cooperation between TATA Motors group and Emirates NBD and is expected to further strengthen ties between the three leading players catering to automobile customers in the United Arab Emirates.

Mr. Rudrarup Maitra, Head – International Business, Commercial Vehicles Business Unit, Tata Motors Ltd. said, “This  strategic partnership strengthens our relationship with Emirates NBD, one of the largest banking and financial services groups in the Middle East, to offer preferential rates, faster turnaround times and best in class financial services to all Tata Motors’ commercial vehicle customers in the UAE. It reaffirms our brand promise of bringing innovative mobility solutions that offer the best in class total cost of ownership to our customers.”

Mr. Hussam Al Hashimi, Executive Vice President, Head of Business & Priority Banking, Emirates NBD added: “As the leading provider in vehicle finance solutions in the UAE, Emirates NBD is pleased to sign a strategic agreement with TATA Motors Limited and United Diesel LLC, both key players in the commercial vehicle space.  Vehicular purchases in mature markets such as the UAE are primarily credit-based and we are confident that our range of financing solutions and superior customer experience will provide enhanced support to their customers’ financing needs, while widening our partners’ customer base.”  

-ends-

About TATA Motors Limited

Tata Motors is part of the USD 100 billion Tata group founded by Jamsetji Tata in 1868. Tata Motors Limited is India’s largest automobile company, with consolidated revenues of $ 41.6 billion in 2015-16. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands. It also has an industrial joint venture with Fiat in India.  With over 9 million Tata vehicles plying in India, Tata Motors is the country’s market leader in commercial vehicles and among the top in passenger vehicles. Tata cars, buses and trucks are being marketed in several countries in Europe, Africa, the Middle East, South Asia, South East Asia, South America, Australia, CIS and Russia.

About United Diesel LLC

United Diesel LLC., established in 1972, is a member of the Al Rostamani Group. It specialises in commercial vehicles having the largest international brands under one roof. United Diesel is the authorized distributor of Tata Motors - Buses/Trucks, Tata Daewoo Trucks among other leading international brands. It offers complete after Sales Services, providing innovative transport solutions to the commercial, industrial and educational sectors. It has various after sales outlets in convenient locations for easy accessibility to its customers. It also offers mobile workshop services and door to door delivery of spare parts to corporate customers.

About Emirates NBD:

Emirates NBD is a leading banking Group in the region. As at 31st December 2016, total assets were AED 448 Billion, (equivalent to approx. USD 122 Billion). The Group has a significant retail banking franchise in the UAE and is a key participant in the global digital banking industry, with over 90 per cent of all financial transactions and requests conducted outside of its branches. The bank currently has 219 branches and 1012 ATMs and CDMs in the UAE and overseas and a large social media following, being the only bank in the Middle East ranked among the top 20 in the ‘Power 100 Social Media Rankings’, compiled by The Financial Brand. It is a major player in the UAE corporate and retail banking arena and has strong Islamic Banking, Global Markets & Treasury, Investment Banking, Private Banking, Asset Management and Brokerage operations.
The Group has operations in the UAE, Egypt, the Kingdom of Saudi Arabia, Singapore, the United Kingdom and representative offices in India, China and Indonesia.
The Group is an active participant and supporter of the UAE’s main development and community initiatives, in close alignment with the UAE government’s strategies, including financial literacy and advocacy for inclusion of People with Disabilities under its #TogetherLimitless platform.
For more information, please visit: www.emiratesnbd.com