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Our Bureau

Mumbai , Dec. 7

TATA Motors on Tuesday signed an MoU with State Bank of India (SBI) making the latter its `preferred financier' for financing commercial vehicle sales.

"As a preferred financier, SBI will work together with Tata Motors to promote and make available organised finance facility at competitive interest rates and concessions to Tata Motors customers all over the country, including those in semi urban and rural areas,'' an official statement said.

Tata Motors and SBI will also design and offer special promotional schemes for customers, from time-to-time.

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