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|January 30, 1999||
Tata Finance clocks Rs 3.5 billion in Indica bookings
Tata Finance Limited, the preferred financier for Indica car bookings, has garnered the highest share of the total bookings of 115,000 cars booked by Telco.
Despite stiff competition, Tata Finance Limited, a leading non-banking finance company, has financed bookings for around 35 per cent of the total cars booked. In just a short span of seven days, Tata Finance has generated business worth more than Rs 10 billion.
According to a media statement, this remarkable result was due to the vast branch network of Tata Finance Limited. The company has a branch network of more than 60 branches spread in 18 states and Union Territories, employing more than 700 people.
The huge market-share of the Indica booking business has opened up tremendous potential for car finance on actual deliveries. The company which already has the necessary infrastructure and expertise in view of its large portfolio of vehicle finance business, is ideally placed to exploit this opportunity.
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