SREI inks deal for 10,000 Tata vehicles

Infrastructure equipment and finance company SREI International Finance, along with its associate company Indian Infrastructure Equipment, has struck a deal with Tata Motors for 10,000 vehicles.

This is the company's biggest deal with Tata Motors. An agreement towards this was signed by K K Mohanty, executive director, SREI International and Shyam Mani, vice president, Tata Motors, the company informed the Bombay Stock Exchange on Monday today.

Through the company, clients could now benefit from multiple offers of Tata Vehicles and Tippers. The affordability of vehicles would come down with no risks and problems of residual value, it said.

The mode of deployment of the vehicles would be through operating lease (dry or wet lease) or rentals, it said.