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Tata may Provide Direct Finance for Nano Buyers

Posted on January 28th 2008

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After making and launching the world’s cheapest car, Tata Motors is exploring the possibility of providing direct loads for the Nano buyers through sources like Tata Motor Finance (TMFL), a wholly owned subsidiary, or existing financing channels.

Tata Nano
Tatas may go for existing financing channels which include State Bank of India, ICICI Bank, HDFC Bank etc. But TMFL will have the most priority in providing the financial support to Nano buyers.

nanocar-3.jpg
However, a Tatas spokesperson said:

Tata Motors does not want to share any information on financing of Nano at this stage.

By editor in Auto Finance

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