Tata Motors' arms partner with Bajaj Finance to provide financing to passenger

Current Context: On May 20, 2024, Tata Motors’ subsidiaries, Tata Motors Passenger Vehicles (TMPV) and Tata Passenger Electric Mobility (TPEM), announced a partnership with Bajaj Finance in Mumbai.

• This collaboration aims to offer a financing program for authorized passenger and electric vehicle dealers.
• This partnership aims to improve options and ease of financing for the dealers.
• Through this memorandum of understanding (MoU), the participating companies will come together to leverage Bajaj Finance’s wide reach to help dealers of TMPV and TPEM access funding with minimal collateral.

Question

Ques.1 What is the main goal of Tata Motors' arms with Bajaj Finance partnership?

• a) To launch a new electric vehicle
• b) To increase the production of electric vehicles
• c) To improve options and ease of financing for the dealers
• d) To expand the market reach of Tata Motors

Answer: c) To improve options and ease of financing for the dealers