Tata Motors Partners Turno to Offer Customised Financing and 25% Buyback Guarantee for Electric Commercial Vehicles

Bengaluru, India, November 12, 2026: Tata Motors has signed a Memorandum of Understanding (MoU) with Finzo EV Solutions Pvt. Ltd. (Turno), India’s first battery intelligence and lifecycle management company, to make electric commercial vehicle ownership more accessible through customised financing solutions.

The partnership will benefit customers purchasing Tata Motors’ electric Small Commercial Vehicles and Pickups (e-SCVPU), offering quick loan disbursements, flexible repayment plans and a 25% assured buyback guarantee. The initiative aims to address some of the key concerns associated with electric commercial vehicle ownership, particularly financing accessibility and long-term resale value.

Through this collaboration, Tata Motors and Turno intend to simplify the transition to electric mobility for commercial vehicle operators by providing greater financial flexibility and ownership assurance.

Speaking about the partnership, Varun Nair, Director, Turno, said the collaboration would help make electric commercial mobility more accessible by addressing customer concerns around vehicle ownership and residual value. He highlighted Turno’s expertise in battery intelligence and EV lifecycle management, alongside its assured buyback programme, as important elements in providing greater confidence throughout the ownership and resale journey.

Pinaki Haldar, Vice President and Business Head – SCVPU, Tata Motors Ltd., said the partnership would strengthen the company’s electric vehicle ecosystem by making ownership simpler and more predictable. He added that reducing financing hurdles and providing greater assurance on long-term resale value would encourage more customers to adopt zero-emission vehicles for last-mile logistics.

Tata Motors currently offers one of India’s widest electric small commercial vehicle and pickup portfolios, comprising the Ace Pro EV, Ace EV 1000 and Intra EV Pickup. The range is available in multiple load deck configurations and payload options to cater to different commercial transportation and cargo requirements.

The company’s electric commercial vehicle ecosystem also includes access to more than 25,000 public charging points across over 150 cities and a network of more than 200 dedicated EV support centres nationwide. Tata Motors additionally provides lifecycle support through its Sampoorna Seva 2.0 programme and fleet management solutions through Fleet Edge, its connected vehicle platform.

The company also has strategic partnerships with leading banks, non-banking financial companies (NBFCs) and mobility financiers to support customers with vehicle financing.