New Delhi, Oct. 17 -- Tata Motors on Saturday said it has parterned with HDFC Bank for financing of its passenger vehicles. Through the partnership, the company said it has introduced two new schemes -- 'Gradual Step Up Scheme' and 'TML Flexi Drive Scheme' with an eye on making its products more accessible and driving up sales in the festive season.

The schemes will be available till the end of November 2020 and can be redeemed on the entire new BS-VI range of cars and SUVs along with the company's EV range, Tata Motors said in a statement.

Under the Gradual Step Up scheme, customers can avail EMI options as low as Rs.799 per lakh per month, depending on the product and variant. The EMI payments gradually increase over a period of 2 yea...