Tata Motors starts to clear due payments
Published On Mar 23, 2009 06:23 PM By Vikas
Tata Motors one of the largest car manufacturers in India has started to clear long overdue payments to its vendors. Tata Motors is launching one of India's most popular Car model Tata Nano today. According to news reports the Tata Motors has entered into an understanding with Small Industrial Development Bank of India (SIDBI). According to Arrangement between Tata Motors and SIDBI the bank will manage the payment to its manufacturers and the money will be returned to Bank in 3 to 4 Months. Tata Motors is expecting good sales of Tata Nano and good revenue from these sales.
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