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TML Financial Services
Limited (TMLFSL) was set up in August 2006 as a 100%
subsidiary of Tata Motors Limited. The Reserve Bank of
India has granted Certificate of Registration to commence
/ carry on business of Non-Banking Finance Company on 9th
August, 2006. TMLFSL aspires to be the preferred financier
by choice for Tata Motors sales, its dealers and customers
across all its products.
Tata Motorfinance is the
service brand of TMLFSL, under which finance is offered to
customers. Upholding the promise of trust, transparency in
dealing and easy finance to suit customer needs, Tata
Motorfinance is the largest financier of Tata Motors'
vehicles, and the third largest vehicle financier in the
country.
To make it easy for
potential customers to own Tata Motors vehicles, we
ventured into vehicle financing way back in 1957.
Today, Tata Motor Finance (TMF), the in-house financing
arm of Tata Motors, provides a single window service to
customers by being accessible to them through the dealers.
We strive to ensure speedy
processing of contracts which are either cleared directly
by the dealers or are approved by their field staff. The
contracts are usually finalized within 1 to 3 working
days. |
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2005-06 highlights
 A total of about
113,000 contracts booked, including refinance and
Construction Equipment (CEQ)
96,247 new vehicles
financed, a 43% increase compared to 67,356 vehicles
in 2004-05
Refinance business grew
by 110%
CEQ business grew by
165% |
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"Our goal is
to be the preferred financier for Tata Motors
customers and channel partners. We are looking at
capturing customer spending over the vehicle
life-cycle, by extending value added products
combining financing offerings with insurance, fleet
management, operating leases, re-finance, and other
products"
-
Mr Aubrey .I. Rebello,
Chief, TMF |
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CORPORATE PURPOSE
Tata
Motorfinance aspires to be a preferred financier by
choice for Tata Motors customers & dealers across all
its products. Tata Motorfinance would be the
top-of-the-mind choice for all stakeholders when it
comes to Tata Motors products. This organization
wishes to set a benchmark in captive finance
nationally and internationally. |
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