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New Delhi: Tata Motors Finance (TMF), a leading automotive financiers, has Extends INR 25crore structured credit facility to BluSmart Mobility, a leading EV ride-hailing service, and EV charging superhub infrastructure operator, to facilitate the expansion of its fleet and operations in Delhi NCR. The credit facility is offered in the form of an umbrella financing cum lease solution that will enable BluSmart to expand its fleet by 200 EVs.
Samrat Gupta, MD & CEO of Tata Motors Finance, said, “Tata Motors Finance is dedicated to providing solutions to EV fleet operators within the TML ecosystem in fulfilling their mobility expansion needs through tailor-made credit offerings. Our partnership with BluSmart Mobility bears testament to TMF’s commitment to the EV mobility space.”
Anmol Singh Jaggi, CEO and co-founder, BluSmart, said, “We are excited to partner with Tata Motors Finance to further strengthen the growth of BluSmart. The association will enable us to expand our fleet and enhance our presence in the market, providing efficient, reliable, and eco-friendly transportation services to our consumers.”