New Delhi [India], March 26: Gurugram-based FTL aggregator platform TrucksUp has partnered with HDFC Bank, one of India’s leading financiers, to offer a comprehensive range of financing solutions for truck owners. This collaboration will enable customers to avail loans for new trucks, used trucks, and refinancing options, all at competitive interest rates and flexible EMI structures.
Through this partnership, TrucksUp will support customers by streamlining the loan process, handling documentation, and ensuring hassle-free loan disbursement. This initiative is a significant step towards improving financial accessibility and reducing turnaround time (TAT) for truck buyers.
TrucksHub: A Transparent Marketplace for Used Trucks
As part Trucksup’s initiative, TrucksHub, the industry’s premier marketplace for used trucks, offers a structured and transparent buying and selling experience in India’s highly fragmented used truck market. Customers can request financing based on their budget and loan requirements, making the platform a one-stop destination for purchasing, selling, and exchanging trucks.
Commenting on the partnership, Mr. Sarthak Elwadhi, Co-founder, TrucksUp, stated
“Our partnership with HDFC Bank is aimed at helping truck owners, small fleet operators, and drivers secure loans with ease. Since purchasing a truck is a major investment, access to finance is crucial. TrucksUp simplifies this by connecting customers with top financial partners, offering attractive interest rates and convenient loan options.”
Driving Financial Inclusion & Business Growth
The TrucksUp-HDFC Bank collaboration aligns with TrucksUp’s vision of transforming the trucking industry by helping drivers progress towards truck ownership, echoing the platform’s philosophy of “Chaalak se Malik”. With HDFC Bank’s financial expertise and TrucksUp’s vast network, this partnership will empower truck owners, optimize operational efficiency, and enhance financial inclusion across India.
By integrating vehicle selection and financing on a single platform, TrucksUp simplifies the truck-buying journey, offering a seamless experience for customers seeking hassle-free loans and ownership solutions. With HDFC Bank’s extensive reach, this initiative ensures enhanced accessibility, helping truck owners scale their businesses with ease.
Mr. Wahid Raza, Business Head – VAS, TrucksUp, emphasized the platform’s commitment to digital accessibility and efficiency, saying:
“With an easy digital loan application process, we are significantly reducing turnaround time (TAT) and ensuring seamless financing solutions for our customers. This will help truck buyers secure funding faster and more efficiently, allowing them to focus on business growth
Strengthening India’s Logistics Sector & Supporting NLP
TrucksUp’s vision aligns with the National Logistics Policy (NLP), which focuses on building a technology-driven, cost-effective logistics ecosystem. Through structured financing solutions, transparent vehicle transactions, and digital loan processing, TrucksUp is actively contributing to NLP’s objectives:
Reducing Logistics Costs – Helping truck owners purchase vehicles efficiently, optimizing fleet utilization, and lowering operational expenses.
Enhancing Digital Integration – A seamless digital-first loan application process ensures easy and fast financing.
Improving Supply Chain Efficiency – By connecting truck owners with trusted financiers like HDFC Bank, TrucksUp enables smoother vehicle acquisition, reducing delivery delays and enhancing overall logistics efficiency.
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