Business Ideas

Tata Motors in tie-up with UBI for channel financing

Tata Motors has entered into an understanding with the Union Bank of India (UBI) to provide an added facility to Tata Motors" dealers for funding of their purchases of the company"s cars and utility vehicles. - Too few good men - One step forward: Bengal to buy land for private projects again - Car firms put SUV launches in top gear - Tatas to launch Freelander SUV on September 22 - Tata Motors gets Rs 78 cr UK loan for electric car - Tata Motors gets Rs 78 cr loan from UK govt for electric car With this arrangement, UBI will be one of the preferred channel financiers of Tata Motors, a press release said here today. Tata Motors, TML Distribution Company (TMLDC), a wholly-owned subsidiary of Tata Motors, and UBI have mutually agreed to pool their resources together to make accessible organised finance at competitive rates to the Tata Motors dealers across the country, the release said. UBI"s wide range of banking services and financial products include finance for purchase of vehicles. UBI has a large network of over 2,650 branches across the country.


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