info@afternoonnews.in +91 98940 - 95096

Today Date : Thursday, June 20, 2024

Tata Motors Finance extends INR 125 Cr. limit for Facilities

Tata Motors Finance extends INR 125 Cr. limit for Facilities

Tata Motors Finance, one of India’s leading NBFC in the vehicle finance industry, has entered into a strategic partnership with CJ Darcl Logistics Ltd. to extend 125 Cr. Limit for various facilities including vehicle operating lease, invoice financing and fuel financing. The operating lease facility will equip CJ Darcl Logistics Ltd. with the necessary resources to strengthen its fleet capacity, enabling it to deploy Tata Motors Limited (TML) vehicles under its business, efficiently manage its fuel expenditure, streamline working capital, and meet the growing demand for its logistics service offerings. 

Samrat Gupta, MD & CEO of Tata Motors Finance, highlighted the significance of this collaboration while recognizing its potential to make a positive impact. CJ Darcl Logistics caters to a wide-ranging clientele of more than 2,800+ customers, spanning over 5,000 locations on a nationwide scale, through a network of 200+ offices.  CJ DARCL Logistics is presently striving towards the status of a full-stack logistics enterprise and has expanded its operations into diverse fields such as Multimodal, Project Cargo, Air Cargo, Warehousing.