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Tata Motors enters into a tie-up with Muthoot Vehicle and Asset Finance Limited for Retail Finance Press kit

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14 March, 2011

Tata Motors has entered into an understanding with Muthoot Vehicle and Asset Finance Ltd (MVFL) for financing its range of passenger vehicles. With this arrangement, MVFL will be one of the preferred retail financiers of Tata Motors in Kerala.

MVFL and Tata Motors dealers will promote various finance options to customers across all 50 branches of MVFL in Kerala.

About Tata Motors

Tata Motors is India’s largest automobile company, with consolidated revenues of Rs. 92,519 crores ($ 20 billion) in 2009-10. 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 5.9 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 Muthoot Vehicle and Asset Finance Ltd

The Vehicle financing division of Muthoot Group is the leading Asset Finance Company based in Kerala. MVFL carries out its operations through a network of 50 branches in Kerala. Over a period, the company has made considerable forays into financing of used and new commercial vehicles, passenger and goods autos, earth moving equipments, tippers, JCBs and private vehicles and has built up a notable presence in the state in the field of second hand vehicle financing. A well distributed closely knit network of branches, quick sanction of loans, flexibility in approach, an excellent customer service are the unique strengths of the Asset Finance Company.

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