Tata Motors Finance and Pallia Trans Logistics Ltd. Announce Rs 22 Crore Funding Pact

Vipul Nanda, Chairman and Managing Director – Pallia Trans Logistics Ltd

Mumbai (Maharashtra) [India], November 10: Tata Motors Finance (TMF), one of India’s leading automotive financiers, has formalized a strategic funding pact with Pallia Trans Logistics Ltd., a major player in the Car Carrier logistics segment. The operating scope of the comprehensive credit line contains a repurchase and refinance structure amounting Rs 22 Crores. The development marks a significant partnership milestone, further strengthening the long-standing association between both entities.

This capital infusion has empowered Pallia Trans Logistics Ltd. to complete strategic acquisition of assets of a logistics company in the Car Carrier space, facilitating the company’s expansion plans, and enabling them to meet the surging demand, particularly in the backdrop of festive season.

“We are excited about the opportunities and prospects this partnership presents” said Vipul Nanda, Chairman and Managing Director – Pallia Trans Logistics Ltd. He added, “Teaming up with Tata Motors Finance for this strategic funding arrangement marks a remarkable leap forward for us. TMF’s speed and precision in structuring the transaction proved to be a key differentiator, enabling us to timely complete our planned asset acquisition. This acquisition will steer our growth trajectory and elevate our capabilities to provide even more reliable and efficient logistics services to our clients across India.”

Samrat Gupta, MD & CEO, Tata Motors Finance, emphasized the enduring relationship between both companies and expressed his delight on the development, saying, “Tata Motors Finance shares a decade long relationship with Pallia Trans Logistics Ltd. Our strategic collaboration with Pallia Trans Logistics Ltd. not only underscores our growing influence in the pre-owned Commercial Vehicle financing but also consolidates our position as a life cycle financier offering tailored solutions that fully align with the diverse needs of our customers. Upholding the renewed spirit of Winning Together, we are committed to foster growth within the automotive and logistics space.”

About Tata Motors Finance Ltd:

Tata Motors Finance Limited (TMFL) is the leading and most preferred financial Institution engaged in financing the entire range of Tata Motors Commercial Vehicle. It is a non-deposit taking systemically important (ND-SI) NBFC. TMFL is one of the pioneers of vehicle financing established way back in 1957 under a different name. The company has a strong footprint across India and operates through its own 350+ branch networks, in addition to Tata Motors dealers’ sales outlets. TMFL’s business interests are focused on benefiting the parent company and its strategic partners within the Tata Motors eco-system.

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

Business News PNN News Press Release Sports

Babu88Sports to Sponsor Telugu Warriors for CCL 2024

Babu88Sports, a leading entertainment and sports management company, proudly announces its sponsorship for the renowned cricket team Telugu Warriors in the upcoming Celebrity Cricket League (CCL) 2024 edition. With this partnership, Babu88 aims to support the Telugu Warriors in their journey towards glory, reinforcing their commitment to promote sports and entertainment in the region. CCL […]

Read More
Business Business News PNN News Press Release

Ahmedabad Celebrates New Retail Destination and Marks Anniversary in Style

Ahmedabad (Gujarat) [India], February 24:  Ahmedabad was in for a delicious surprise as Palladium Ahmedabad celebrated a dual milestone: the grand opening of their much-anticipated Zara store and the mall’s one-year anniversary. Palladium Ahmedabad in the last year has grown to be a structure that has managed to change the landscape of Ahmedabad’s retail space, […]

Read More
Business News Health PNN News Press Release

Better health of healthcare workers in India: A Closer Look Insights by Dr. Gopal Sharan MD & CEO of TRLS Healthcare Consultancy

New Delhi (India), February 24: In the noble profession of healthcare, where the real human touch is felt, dedicated healthcare workers render invaluable services to the public at large. However, amidst their selfless efforts, there are challenges often overlooked: burnout, dissatisfaction, unmet needs, and underappreciation. Studies in the healthcare sector reveal the need to support […]

Read More