Mumbai, November 2026.

Tata Motors, India’s largest commercial vehicle manufacturer, has signed a Memorandum of Understanding (MoU) with Finzo EV Solutions Pvt. Ltd. (Turno), India’s first battery intelligence and lifecycle management company, to offer customised financing schemes for its electric Small Commercial Vehicles and Pickups (e-SCVPU) customers. Under the partnership, Tata Motors customers will get access to quick loan disbursements, flexible repayment plans and 25% assured buyback guarantee.

Speaking on this occasion, Mr. Varun Nair, Director – Turno, said, “At Turno, our mission is to accelerate the shift towards green, zero-emission mobility across India by making the EV ownership journey simpler and more rewarding. As electric commercial mobility gains momentum, customers need greater clarity and assurance around the value of their vehicle over its lifecycle. Our partnership with Tata Motors brings together customized financing and assured buyback support to address these needs and make the transition to electric mobility easier. By leveraging our expertise in battery intelligence and EV lifecycle management, along with our assured buyback programme, we are building greater certainty around the ownership and resale journey of electric commercial vehicles.”

Commenting on the initiative, Mr. Pinaki Haldar, Vice President & Business Head – SCVPU, Tata Motors Ltd., said, “Tata Motors is committed to democratising clean mobility and accelerating India’s transition towards sustainable last-mile logistics. While our e-SCVPU range is engineered to deliver superior performance, reliability, and operating economics, true adoption scales when vehicle ownership becomes simple, predictable, and worry-free. Our partnership with Turno strengthens our EV ecosystem by offering end-to-end ownership support to customers. By removing financing hurdles and safeguarding long-term resale value, we are empowering customers across the country to switch to zero-emission mobility with greater confidence.”

Tata Motors continues to lead India’s electric commercial vehicle transition with the widest e-SCVPU, spanning the Ace Pro EV, Ace EV 1000 and Intra EV Pickup, available in multiple load deck configurations and payload options to meet diverse cargo needs. These vehicles are backed by a holistic enabling ecosystem that includes access to over 25,000 public chargers across more than 150 cities, over 200 dedicated EV support centres nationwide for high uptime, comprehensive lifecycle care under SampoornaSeva 2.0, fleet management through Fleet Edge – Tata Motors’ connected vehicle platform and strategic partnerships with leading banks, NBFCs, and mobility financiers.