INDIA BUSINESS WORLD - 1^st April To 15^th April - 2009

TATA MOTORS, CANARA BANK ENTER INTO PACT

Tata Motors has said that it has entered into an agreement with Canara Bank for financing its range of passenger vehicles. The car financing facility will be available at all the 2,729 branches of the bank and 470 sales touch points of Tata Motors, the company said in a statement. Canara bank offers car loans up to 90% of the on-road cost, for tenure ranging up to seven years. Meanwhile, Tata group firm Trent announced that its retail chain Westside has started distribution of booking forms for Tata Motors Rs 1 lakh car Nano. “Application forms for Nano will be available across all the Westside stores from April 2 and the bookings will be accepted between April 9 and April 25, 2009,” Westside said in a statement.