Tata Nano - Financing through canara bank

Auto maker Tata Motors today said it has entered into an agreement with Canara Bank for financing its range of passenger vehicles.

The car financing facility will be available at all the 2,729 branches of the bank and 470 sales touch points of Tata Motors, the company said in a statement.

Canara Bank offers car loans up to 90 per cent of the on-road cost, for tenure ranging up to seven years.

Meanwhile, Tata Group firm Trent announced that its retail chain Westside has started distribution of booking forms for Tata Motors Rs one lakh car 'Nano' from today.

"Application forms for Nano will be available across all the Westside stores from April 2 and the bookings will be accepted between April 9 and April 25, 2009," Westside said in a statement.

The Nano is being displayed at all Westside stores in the country.

Trent has set up 36 Westside departmental stores in Mumbai, Bangalore, Hyderabad, Chennai, Pune, Delhi, Noida, Ghaziabad, Gurgaon, Kolkata, Nagpur, Indore, Jaipur, Jammu, Lucknow and Ahmed
Sourcehttp://www.tradingmarkets.com/.site/news/Stock%20News/2255985/