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Tata Motors Ties Up With IndusInd Bank

By By: Vicky.in
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Tata Motors And IndusInd
Tata Motors enters into agreement with IndusInd Bank for financing its range of passenger vehicles to help Tata customers to drive home its cars through easy finance. A memorandum of understanding was signed by senior executives of both Tata and IndusInd Bank.

According to Mr R Ramakrishnan, Vice President, Passenger Vehicle Business Unit, Tata Motors Limited , the customers of Tata Motors will now have access to customised finance products from IndusInd Bank.

He added that Tata Motors is confident that Tata's 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 and Tata Motors is happy to extend this partnership for our passenger vehicle business as well, added Ramakrishnan.

IndusInd Bank will be one of the preferred financiers for Tata cars and utility vehicles, he stated. According to Mr S. V. Parthasarathy, EVP-Consumer Finance Division, IndusInd Bank, with Tata motors' huge reach IndusInd Bank and Tata Motors would be able to cater to Aam Aadmi.

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Article Published On: Monday, August 30, 2010, 11:12 [IST]
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