2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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HDFC Bank
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DBS Bank
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SBI
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Axis Bank
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Detailed explanation-1: -Tata Motors has announced its partnership with ICICI bank by signing an MoU for providing financing solutions to its authorised passenger electric vehicle dealers.
Detailed explanation-2: -Tata Motors and HDFC Bank have announced their partnership to offer an Electric Vehicle Dealer Financing solution to the former’s passenger EV dealers.
Detailed explanation-3: -Tata Motors has announced its partnership with ICICI Bank, to offer EV dealer financing solutions to its authorised passenger EV dealers. Under this scheme, ICICI Bank will provide inventory funding to authorised passenger EV dealers of Tata Motors.
Detailed explanation-4: -Axis Bank offers the most competitive interest rates for commercial vehicle and construction equipment loans to give you the maximum benefits. There are some nominal charges associated with the Commercial Vehicle Loan and Construction Equipment Loan, which are easy to understand and completely upfront.
Detailed explanation-5: -It raised funds from the two external investors, TPG Rise and ADQ, by issuing compulsorily convertible preference shares, which upon conversion over an 18-month period would give them an 11-15% stake in the EV arm. ET was the first to report the news of TPG-led investment in its October 8, 2021 edition.