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Tata Motors Tie-up with Bank of India

By Motortrend India Staff   |   16 June,2009

Leading Indian car manufacturer Tata Motors has signed an agreement with Bank of India to help serve its consumers better. The agreement has been reached on car finance in India for Fiat models through the Tata-Fiat dealer network across the country.

For new Fiat car buyers, the bank will offer special interest rates on car loans in India of up to Rs 10 Lakh at 9.75% to 10.25% over 6-year tenure for Fiat car models like Linea, Palio Stile, and upcoming Grande Punto.

The customers can avail this facility at all metro, urban, and semi-urban branches of Bank of India as well as at the 100 sales touch points of the Tata-Fiat distribution network.

According to Subodh Marathe, Country Head of Fiat Product Group, "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 interested customers. Bank of India, with its great reputation, is a perfect partner to kick start this drive."

Bank of India is one of the largest public sector undertakings in the country catering to the needs of industry, exports, agriculture as well as retail segment. The bank has international presence with about 3000 branches in India and 74 extension counters spread across the country. Bank of India has won the award of Top Public Sector Bank and Best Public Sector Bank under the Best Bank and Overall Best bank in the Dun & Bradstreet Banking Awards 2008.

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