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Tata has a joint venture with Fiat cars in financial services and the company is providing financial services in Europe for JLR. Fiat is going to start a joint venture with Tata capital for the Indian market. Fiat group of automobiles India has stated that the company is discussing on financial services for their cars. One of the top employees of the company has given this news on Wednesday.
Director of Fiat automobiles India Enrico Atanasio has said that the company already has a joint venture with Tata in Europe. We are providing financial services for Jaguar Land Rovar and there is a social venture for India market also by which we will start business either with Tata capital or Tata motors Finance.
Atanasio also said that they will announce the financial division in the month of April and they are working on the process of providing the financial services. He came to start an exclusive outlet and there are total 16 exclusive outlets of the company across the country. They are planning to reach the number of outlets on 65 and Fiat vehicles are selling out in Tata showrooms.
According to the joint venture there are 130 running outlets and this contract is expected to end in March, 2013.
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