Tata Motors Ties Up with SBI

posted by   carazoocars (2)   2 months ago (www.carazoo.com)

Tata Motors and State Bank of India (SBI) are moving ahead towards a partnership to extend car loans for the world’s cheapest car. Tata and SBI have entered into an understanding where only SBI will provide loans across the country for the upcoming Tata Nano. All the Nano dealers are asked to collect only SBI cheques. In addition, Tata Motors has also announced that whosoever wishes to buy the car without a loan has to issue a demand draft of SBI in favour of Tata Motors.