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TATA MOTORS AND UCO BANK PARTNER TO STRENGTHEN UCO Bank’s commitment to delivering innovative and customer
INDIA’S COMMERCIAL VEHICLE FINANCING ECOSYSTEM centric financing solutions. Through this strategic partnership, we
Tata Motors, India’s largest commercial vehicle manufacturer, has aim to provide seamless, competitive and timely financing for EQUIPMENT
signed a Memorandum of Understanding (MoU) with UCO Bank, TATA motors commercial vehicles, enabling entrepreneurs, fleet
one of India’s leading public sector banks with a strong nationwide operators and businesses to expand with confidence.”
presence and extensive branch network, to provide customers Commenting on the initiative, Rajesh Kaul, Vice President &
across the country with access to organised financing solutions Business Head – Trucks, Tata Motors Ltd., said, “We are pleased
for commercial vehicles. The partnership brings together UCO to partner with UCO Bank to further
Bank’s deep financial outreach and Tata Motors’ unparalleled strengthen the financing ecosystem for our
commercial vehicle portfolio, with the shared goal of making commercial vehicle customers. Access to
vehicle ownership more accessible and financially rewarding for organised and competitive financing is a
customers and businesses nationwide. key enabler for our customers’ growth, and
Under this collaboration, customers will have access to attractive UCO Bank’s strong nationwide presence
interest rates designed to minimise the cost of ownership, makes them an ideal partner in this
along with quick loan approvals and fast-tracked processing endeavour. This MoU reinforces our commitment to delivering end-
that ensure rapid vehicle delivery. The partnership also brings to-end solutions, from world-class vehicles to organised financing
simplified, customer-friendly documentation for a seamless that empower our customers to grow their businesses with greater
buying experience, high loan-to-value funding options that confidence and convenience.”
lower upfront capital requirements for businesses, and flexible, Tata Motors offers the widest commercial vehicle portfolio
structured repayment tenures tailored to the cash flow needs of spanning from sub-1-tonne to 55-tonne cargo vehicles and
fleet operators. Both organisations will work in close alignment 10-seater to 51-seater mass mobility solutions. These robustly
across branches, dealerships, and market outreach to ensure engineered vehicles are complemented by a range of value-
that this competitive financing reaches customers wherever they added services for comprehensive vehicle lifecycle management
are, particularly in underserved urban and through its Sampoorna Seva 2.0 initiative.
rural markets. Speaking on this occasion, Fleet Edge, Tata Motors’ connected vehicle platform for optimal
Shashikant Kumar, General Manager fleet management enabling operators to maximise uptime
& Zonal Head – Mumbai, UCO Bank, and reduce total cost of ownership, and 24×7 support from a
said, “The signing of this Memorandum nationwide network of over 4,500 sales and service touchpoints,
of Understanding with Tata Motors Limited Tata Motors continues to set new benchmarks in end-to-end
marks another significant milestone in transportation solutions.
MYCRANE SCALES UP WITH 400-TONNE CRAWLER supplying fleet operator, and MYCRANE’s India operations across
CRANE FOR LANDMARK INDIA PROJECT technical alignment, commercial negotiation, and mobilisation
MYCRANE, the first global platform for crane rental and purchase, planning. The crane was delivered to the Amaravati site within the
has facilitated the rental of a 400-tonne Sany SCC4000E crawler project’s required timeframe. Andrei Geikalo, MYCRANE Founder
crane for Bheemaa Infra Solutions, a steel fabrication and and CEO, said: “A 400-tonne crawler crane
structural engineering contractor engaged on the Amaravati is not a commodity rental – availability is
Government Complex — the landmark secretariat development tight, mobilisation is complex, and the
forming the administrative centre of Andhra Pradesh’s planned technical requirements are demanding.
new capital city. The six-month fixture, currently ongoing, was But 400 tonnes is not our ceiling. We have
arranged entirely on the MYCRANE platform, connecting already processed a 1,250-tonne crawler
Bheemaa Infra Solutions with a verified fleet owner and operator crane rental through the platform, and are
able to meet the project’s technical and timeline requirements. now in active conversations around requirements that go well
The deal reflects a broader trend on the platform, with contractors beyond even that – with enquiries for crawler cranes of up to
increasingly bringing larger capacity requirements and more 1,600 tonnes, for example.At that scale, additional engineering
complex lifting scopes to MYCRANE. The Amaravati Government validation and commercial coordination is required beyond
Complex – home to the development’s five Iconic Towers – is the standard workflow, but these projects still originate through
the centrepiece of Andhra Pradesh’s planned new capital city, a MYCRANE, which tells you where contractor confidence in digital
secretariat development spanning 32 acres designed to house procurement is heading. India is one of the most demanding
the state’s General Administration Department, Secretariat, and crane markets in the world, and we intend to meet customer
Head of Department offices. Bheemaa Infra Solutions required a needs at every capacity level.” The MYCRANE platform operates
crane with a minimum lifting capacity of 400 tonnes to support across India, the UAE and Saudi Arabia, with further launches
heavy lifting operations on a high-rise structure, with immediate planned in key global markets. MYCRANE Trading, based in Jebel
availability and full technical validation against project-specific Ali Free Zone, Dubai, extends the platform’s capability into physical
lift plans and load charts. Availability of cranes at this capacity equipment transactions – sourcing cranes globally and offering
in the Indian rental market is limited, and the fixture required yard sales of verified used equipment, with transparent pricing and
close coordination between the client’s engineering team, the full technical documentation for every machine.

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