Tata Motors has said in the past that it is committed to deleveraging the firm through divestments and capital raising at an appropriate time. The state-run bank has boosted its car loans business, even as other banks have exited the segment, by offering interest rates as low as 8 percent.
In the quarter ended December, its auto loan disbursals rose 46.35 percent to 130 billion rupees ($2.8 billion), from a year earlier, the paper said. At the end of December 2009, Tata Motors Finance''s book size stood at 64.9 billion rupees.
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