Tata Motorfinance posts 60% growth in 2005-06; emerges as one of the leading vehicle financiers of the country
June 2, 2006

Tata Motorfinance, the auto financing arm of Tata Motors, has emerged as one of the leading vehicle financing operations of the country. Tata Motorfinance has achieved this milestone, while financing mainly Tata Motors vehicles. The overall vehicle financing done by Tata Motorfinance in the year 2005-06 was about Rs 5500 crore, a 60 per cent increase over Rs 3,400 crores in the previous fiscal.

2005-06 highlights

• A total of about 113,000 contracts booked, including refinance and construction equipment (CEQ)
• 96,247 new vehicles financed, a 43 per cent increase compared to 67,356 vehicles in 2004-05
• Refinance business grew by 110 per cent
• CEQ business grew by 165 per cent

Aubrey I Rebello, chief, Tata Motorfinance, says, "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."