Tata Motors Passenger Vehicles Ltd.

Tata Motors, country’s largest commercial vehicle maker has inked pact with J&K Bank for financing its passenger vehicle customers. As per the agreement J&K Bank will be one of the preferred retail financiers of Tata Motors’ passenger car business and will provide loan facility of up to seven years, with maximum funding to eligible Tata Motors customers. 

The company has registered a 12% growth in its total sales at 71,826 vehicles for the month of August 2012, including exports of Tata commercial and passenger vehicles. Besides, the company’s domestic sales rose by 13% at 67,453 vehicles as against 59,874 vehicles sold in August last year.