Tata Motors And Turno Partner To Simplify Ownership Of Electric Small Commercial Vehicles And Pickups

* Sign MoU to offer customised financing schemes and assured buyback programme

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 Sampoorna Seva 2.0, fleet management through Fleet Edge – Tata Motors’ connected vehicle platform and strategic partnerships with leading banks, NBFCs, and mobility financiers.

About Tata Motors (Formerly TML Commercial Vehicles Ltd):

Part of the USD 180 billion Tata Group, Tata Motors Ltd. (BSE: Scrip code 544569; NSE: Scrip code TMCV) is India’s largest manufacturer of utility vehicles, pick-ups, trucks and buses. Together with its subsidiary Iveco Group N.V., it is a global mobility enterprise with complementary brands, technologies and deep engineering expertise with a presence across 130+ countries and solutions spanning the entire spectrum of commercial mobility. Backed by Tata Motors’ eight decades of leadership, the combined enterprise brings greater scale, technological depth and international reach to serve evolving customer needs and shape the future of mobility. Guided by its brand promise, Better Always, Tata Motors continues to engineer future-ready solutions that enhance customer experience and drive sustainable growth.

As per the Composite Scheme of Arrangement sanctioned by the Hon’ble National Company Law Tribunal, Mumbai Bench—amongst Tata Motors Limited, TML Commercial Vehicles Limited (the Company) and Tata Motors Passenger Vehicles Limited—the Company’s name was changed to Tata Motors Limited from TML Commercial Vehicles Limited (effective 29 October 2025), and its equity shares are listed on the BSE Ltd and the NSE Ltd.