Electric CV Financing: Tata Motors & Turno Partnership

Tata Motors Partners with Turno to Expand Financing Access for Electric Commercial Vehicles

Tata Motors has signed a Memorandum of Understanding (MoU) with Finzo EV Solutions Pvt. Ltd. (Turno) to provide customised financing solutions for customers purchasing its electric Small Commercial Vehicles (e-SCVPUs). The partnership aims to make electric commercial vehicles more accessible through flexible financing options and greater ownership confidence.

Under this collaboration, customers will benefit from faster loan disbursements, flexible repayment plans and a 25% assured buyback guarantee. These offerings are designed to address key considerations around financing, vehicle ownership and resale value, supporting a more predictable transition to electric mobility.

The partnership brings together Tata Motors’ electric commercial vehicle portfolio and Turno’s expertise in battery intelligence and lifecycle management. By combining their capabilities, both companies aim to strengthen the electric commercial vehicle ecosystem and encourage wider EV adoption across India.