It’s a business boost for Fiat in India and a good news for Fiat admirers in India. Tata Motors Finance will now provide car loans for all Fiat cars models in India. Tata Motors is already an exclusive distributor of Fiat Cars in India and also provides after-sales services for these cars.
This is surely a beneficial move for Fiat as it will help ease the loan process for many customers who might be interested in Fiat’s new offerings in India like Fiat Grande Punto, Fiat Linea, and Fiat Punto 90 HP and other Fiat cars in India.
Below is the official press release from Tata Motors :
Tata Motors Finance to extend funding for all FIAT Cars
Mumbai, 2nd November 2010: Tata Motors Finance Ltd, a subsidiary of Tata Motors Ltd today announced that it will extend finance to all FIAT cars in India. Fiat customers can now avail benefits of quick loan approvals, higher quantum of funding, competitive rates and across-the-counter services.
Tata Motors is the exclusive distributor of FIAT cars in India and operates through a wide- spread network of over 175 Tata-Fiat dealerships in 130 cities across the country which provides Sales & Service support for Fiat cars. As part of this extended support, Tata Motors Finance will now provide finance facilities to Fiat customers in addition to Tata Capital which has been financing Fiat cars since 2009.
Commenting on this Retail Financing arrangement, R. Ramakrishnan, Vice President- Commercial passenger Car Business, TATA Motors Ltd said “We are delighted to offer to our valued Fiat Customers a retail funding facility through Tata Motors Finance. Our Fiat Customers can expect competitive, convenient and prompt financing support while purchasing any Fiat car from our dealerships.”
Speaking on this occasion, Mr. Ravi Bhatia, Vice President-Commercial, Fiat India Automobiles Limited said, “At FIAT, it is our constant endeavor to provide our customers with high quality of automobiles and services. In conjunction with Tata Motors Finance, we are glad our consumers can now avail of quick loan approvals and a hassle-free purchase from any FIAT dealership. We believe that our association with Tata Motors Finance will positively add to the experience of owning a FIAT.”
Tata Motors Finance Ltd will support Fiat through its 140 branches which will cover approximately 1000 locations and dealer outlets. The company has appointed a National Sales Manager responsible for Fiat business who will be supported by the entire field organization comprising Regional Managers, State Heads, Area Managers, Branch Managers and Sales Managers. This initiative is bound to make Fiat cars an even more attractive proposition for its customers.