Tata Motors in tie-up with UBI for channel financing

With this arrangement, UBI will be one of the preferred channel financiers of Tata Motors, a press release said here today.

Tata Motors, TML Distribution Company Ltd (TMLDC), a wholly-owned subsidiary of Tata Motors, and UBI have mutually agreed to pool their resources together to make accessible organised finance at competitive rates to the Tata Motors dealers across the country, the release said.

UBI's wide range of banking services and financial products include finance for purchase of vehicles. UBI has a large network of over 2,650 branches across the country.