Tata Motors tie-up with Bank of India

Tata Motors has joined hands with public sector lender Bank Of India to provide retail financing facilities for its Fiat range of passenger cars which were available through the Tata-Fiat dealership network.    

As per the MoU, customers can avail special interest rates for loans upto Rs 10 lakh for a Fiat car including the yet to be launched Grande Punto, a company release here said.   

Under the agreement, financing facilities would be available at all metro, urban and semi-urban branches of Bank Of India and the 100 sales touch points of the auto-maker.   

It would provide consumers a single window for availing loans for Tata Motors-manufactured cars and Fiat cars,it said.   

"Tata Motors has always been at the forefront of introducing multiple customer centric initiatives.  We felt that the strong product range from Fiat could be leveraged further with easy financing options for customers", Tata Motors Country Head (Fiat Product group) Subodh Marathe said.   

Tata Motors currently has operations in United Kingdom, South Korea, Thailand and Spain, the release added.