Monday, March 16, 2009

TATA MOTORS TIES UP WITH STATE BANK OF TRAVANCORE


 The country's largest auto maker, Tata Motors, on Friday said it has joined hands with public sector lender State Bank of Travancore to provide financing facilities to consumers for its passenger cars.

The company has entered into the understanding with State Bank of Travancore for financing its entire range of passenger cars, Tata Motors said in a statement.
This facility will be available at all branches of State Bank of Travancore and 470 sales touch points of Tata Motors. This tie-up will make car buying easier for customers, the company said.

State Bank of Travancore offers car loans up to 85 per cent of the on-road price for tenure of up to seven years, the statement added.

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