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The Fiat Group may rope in Tata Capital for vehicle finance in India. This will be a reciprocal arrangement with Fiat Capital providing vehicle finance for Tata’s Jaguar and Rover in Europe. In India, it will be the reverse arrangement.
“We hope to have the arrangement with the Tatas by April,” said Enrico Atanasi, Managing Director, Fiat India.
The vehicle finance arrangement will coincide with the Fiat group terminating most dealers under the Fiat-Tata joint venture by March 31. The Italian auto major will have its own network across India. “We are in a transition, and this is a complicated process,” he told newspersons after inaugurating the company’s exclusive dealership in Chennai.
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