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Tata Motors To Get Financial Extension From SBI

By By: Vicky.in
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Tata Motors & SBI
The Tata Motor dealers across the country will hereinafter utilize the financial assistance to be disbursed by the State Bank of India. The company has sought such an act of assistance to deal with commercial and passenger vehicles.

The bank will release funds to the dealers for working capital needs along with the current scheme of retail business dealings. For Tata Motors, SBI is the top notch financial corporation and this extension is expected to create a new fora of sale promotion.

The bank too will avail the retail lending operations for easy recovery of debts. The bank has devised the Inventory Funding scheme to leverage the technology aspects. The Bank"s Electronic Dealer Finance system will extend the best available customer relationship for the dealers by placing Tata Motors on the centre of gravity for unilateral growth propositions.

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Article Published On: Wednesday, April 20, 2011, 15:05 [IST]
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