Caterpillar’s Financial Products Division and Tata Capital Financial Services (TCFSL) have come together to offer customers finance options for purchasing Cat equipment at all its dealership stores. Through this model, Caterpillar customers will be offered beneficial quotes and credit approval turnaround. This arrangement aims to tap eight dealer territories of Caterpillar India and benefit from the extensive network and coverage of over 100 TCFSL branch locations across the country.
Praveen Kadle, Managing Director & CEO of Tata Capital, said, “We are pleased to have this arrangement with Caterpillar in India to finance their wide range of products and believe that the arrangement is beneficial for all – Caterpillar, Tata Capital and their respective customers. We are confident that customers will find our financing schemes easy and attractive, and that this will be able to add value to their business.”
Kent Adams, President and CEO of Caterpillar Financial Services Corporation, said, “The combination of the globally recognised Caterpillar Financial brand with Tata Capital, which is a well-respected and trusted financial institution in India, creates a powerful competitive advantage for our dealer networks to enable them to obtain financing for their customers and enhance the sale of equipment. We look forward to the success through this model in bringing our support for the dealers and their customers to the next level.”