India, Nov. 25 -- In a bid to increase EV adoption in the country, Tata Motors has joined hands with HDFC Bank, India's largest private sector bank, to offer an Electric Vehicle Dealer Financing solution to its authorized passenger EV dealers.

Under this scheme, Tata Motors will provide its dealers additional inventory funding over and above their ICE finance limit with attractive pricing linked to Repo Linked Lending Rate (RLLR). The repayment tenure will range from 60 to 75 days. Furthermore, the bank will also offer additional limit to cater to high demand phases, which will be available to dealers 3 times in a year.

Tata Motors is India's largest automobile company. Through subsidiaries and associate companies, Tata Motors has operat...