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  • Tata Motors ties-up with IndusInd Bank for retail financing its range of passenger vehicles

    Published on August 30, 2010

    Tata Motors has entered into an understanding with IndusInd Bank for financing its range of passenger vehicles to provide an added facility of finance to its customers. A memorandum of understanding was signed by senior executives of both the companies.

    Mr. R. Ramakrishnan Vice President, Passenger Vehicle Business Unit, Tata Motors Limited said, “The customers of Tata Motors will now have access to customised finance products from IndusInd Bank. We are sure that our growing network will also drive the tie-up to achieve the aspirational growth targets. IndusInd ranks in the top retail financiers for Tata Motors commercial vehicle segment today and we are happy to extend this partnership for our passenger vehicle business as well. IndusInd Bank will be one of the preferred financiers for Tata cars and utility vehicles.”

    Announcing the tie-up, Mr S. V. Parthasarathy, EVP-Consumer Finance Division, IndusInd Bank said, “With this tie-up IndusInd Bank would be in a position to cater the financial needs of Tata Motors customers for the entire range of vehicles sold by Tata Motors. With their huge reach IndusInd Bank and Tata Motors would be able to cater to AAM AADMI ”