Tata Motors Passenger Vehicles Ltd.

Tata Motors, country’s largest automobile company has unleashed an innovative idea of selling the world’s cheapest car Tata Nano with just a swipe of a card. Customers will be able to swipe their credit card to buy the Tata Nano in the fastest and hassle-free manner and drive out on the very same day. Customers can also convert the entire amount in monthly installments at 0% interest, over a period of 12 months, at an EMI of Rs.8,333 per lakh.

The company has tied up with five banks for this special scheme Axis Bank, HSBC Bank, ICICI Bank, Kotak Mahindra Bank and Standard Chartered Bank. Customers in India, who have credit cards belonging to these banks, can avail of this special scheme in 26 cities, across 75 Tata Motors Dealerships.

Tata Motors is India's largest automobile company, with consolidated revenues of Rs 1,65,654 crore (USD 32.5 billion) in 2011-12. It is the leader in commercial vehicles in each segment, and among the top in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. It is also the world's fourth largest truck and bus manufacturer.