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Caterpillar’s Financial Products Division and Tata Capital’s wholly-owned subsidiary Tata Capital Financial Services Ltd (TCFSL) have tied up to offer customers finance options for purchasing Cat equipment at all its dealerships.
Through this, 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 over 100 TCFSL branch locations across the country.
Praveen Kadle, MD & CEO, Tata Capital Ltd, 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.”
Kent Adams, President and CEO of Caterpillar Financial Services Corporation, said: “The combination of Caterpillar financial brand with Tata Capital creates a powerful competitive advantage for our dealer networks to enable them to obtain financing for their customers and enhance the sale of equipment.”
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