Tata Motors Finance Partners with CJ Darcl Logistics Ltd. to Strengthen Fleet Capacity with 125 Cr. Financial Facility
New Delhi (India), June 10 – Tata Motors Finance, a leading Non-Banking Financial Company (NBFC) in the vehicle finance industry, has announced a strategic partnership with CJ Darcl Logistics Ltd., a prominent multimodal logistics solutions provider. The collaboration involves a financial facility of ₹125 Crore, which will be used to extend various services, including vehicle operating leases, invoice financing, and fuel financing.
The operating lease facility will provide CJ Darcl Logistics Ltd. with the necessary resources to enhance its fleet capacity, enabling it to deploy Tata Motors Limited (TML) vehicles efficiently in its operations. This partnership aims to streamline working capital, manage fuel expenditures more effectively, and meet the growing demand for logistics services.
Krishan Kumar Agarwal, Chairman & Managing Director of CJ Darcl Logistics Ltd., expressed his enthusiasm about the partnership, stating, “Our collaboration with Tata Motors Finance is a strategic move that will strengthen our financial base, boost our fleet capacity, and support accelerated business growth. We are confident this partnership will create long-term, mutually beneficial opportunities for both companies.”
Samrat Gupta, MD & CEO of Tata Motors Finance, also spoke on the significance of the collaboration. He said, “This partnership with CJ Darcl Logistics Ltd. aligns with our ongoing commitment to contribute to the growth of key players in the logistics industry. Through tailor-made financing solutions for both capital expenditures (capex) and operational expenditures (opex), we aim to empower CJ Darcl Logistics Ltd. to deliver exceptional services to its customers while helping them achieve their financial goals.”
CJ Darcl Logistics serves over 2,800 customers across more than 5,000 locations nationwide. The company operates with an asset-right model and has become the largest Full Truck Load (FTL) player in India. With a fleet of over 1,000 owned vehicles and an extensive network of over 8 lakh vehicles (including leased and hired), the company efficiently caters to the transportation needs of its clients. CJ Darcl offers multimodal transport solutions, including road, rail, air, and coastal services, contributing to both ecological and financial sustainability.
Currently, CJ Darcl Logistics is expanding its operations to become a full-stack logistics enterprise, diversifying into Multimodal, Project Cargo, Air Cargo, and Warehousing services.
About Tata Motors Finance:
Tata Motors Finance Limited (TMFL) is India’s leading and most trusted financial institution specializing in the financing of Tata Motors’ commercial vehicles. Established in 1957, TMFL is a non-deposit taking systemically important (ND-SI) NBFC and has a significant presence across India. The company operates through its network of 350+ branches, along with Tata Motors dealers’ sales outlets. TMFL plays a crucial role in supporting Tata Motors’ ecosystem and its strategic partners by providing reliable vehicle financing solutions.
To learn more, visit www.tmf.co.in
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Rajneesh Singh is a journalist at Asian News, specializing in entertainment, culture, international affairs, and financial technology. With a keen eye for the latest trends and developments, he delivers fresh, insightful perspectives to his audience. Rajneesh’s passion for storytelling and thorough reporting has established him as a trusted voice in the industry.
