Tata Motors enters into a tie-up with IDBI Bank for Retail Finance

Tata Motors has entered into an understanding with the IDBI Bank for financing to the Customer its range of Passenger Cars and Multi Utility vehicles to provide an added facility of Retail Finance.

IDBI Bank will offer loans for Tata Motors” Passenger vehicles on ‘on-road price’ (including vehicle cost, road tax and insurance), for a tenure ranging up to 7 years, at a very competitive rate, 8.5% for the first year and in subsequent years it will be 3% less than BPLR.

About Tata Motors
Tata Motors is India’s largest automobile company, with consolidated revenues of Rs.70,938.85 crores ($ 14 billion) in 2008-09. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand and Spain. Among them is Jaguar Land Rover, the business comprising the two iconic British brands. It also has an industrial joint venture with Fiat in India. With over 4 million Tata vehicles plying in India, Tata Motors is the country’s market leader in commercial vehicles and among the top three in passenger vehicles. It is also the world’s fourth largest truck manufacturer and the second largest bus manufacturer. Tata cars, buses and trucks are being marketed in several countries in Europe, Africa, the Middle East, South Asia, South East Asia and South America. (www.tatamotors.com )

About IDBI Bank
IDBI Bank Ltd. is a universal bank that rides on a cutting edge core banking Information Technology platform. This enables the Bank to offer personalized banking and financial solutions to its clients through its 688 branches and 1136 ATMs. The Bank has a balance sheet size of Rs.1,88,183 crore as on September 30, 2009. IDBI Bank’s operations during the half-year ended September 30, 2009 resulted in a net profit of Rs.426 crore

Issued by:
Debasis Ray
Head (Corporate Communications)
Tata Motors Limited
Phone: 00 91 22 66657613; E-Mail: qv@tatamotors.com
www.tatamotors.com

• UK property prices to increase by twenty percent by 2014. According to a recent report by the Centre for Economics and Business Research (CEBR) UK house prices are liable to rise by about a fifth in the next four years. The forces that will push property prices up are increased lending levels by the banks and interest rates remaining......
• UK business county court judgments on the increase Records from the Registry Trust show that the value of County Court Judgments (CCJs) against businesses in England and Wales increased five percent to nearly £ 900 million pounds last year. The number of judgments against businesses increased by nine percent on 2008 to a record 207,100, the fifth......
• Weakonomics Economic Review of 2008 Whew! What a year 2008 was. The financial industry collapsed, we elected our first black president, and we bailed out the companies that sold us those gas hogs that caused our oil to spike to $150. Despite hundreds of trillions of dollars being used to bail out the economy, we'll......
• Salmon Run Golf Course, Brookings, OR Salmon Run Golf Course is Located in Brookings, OR Phone: (541) 469-4888 Website: http://www.salmonrun.net/ Course History: This is a truly stunning course where the designers really kept the natural beauty and terrain, making it work for the course instead of plowing everything under. This is one of the most......
• Financial Market Matters: Things To Consider About Interest Rates Interest rates are so curious. Interest rates are considered to be a very essential component of the fundamental analysis. So let’s consider this matter thoroughly. The influence of interest rates on the financial market is manifested mainly in the process of bank operations to regulate the current liquidity of the......