Automobile major, Tata Motors and Muthoot Vehicle and Asset Finance Ltd (MVFL) have inked a deal whereby MVFL would be offering financing to the entire range of passenger vehicles manufactured by Tata.

The two entities have signed a memorandum of understaning (MoU) in this regard. MVFL will now act as one of the preferred financiers of Tata motors.

Various financing schemes of MVFL will be promoted to customers through all its branches for purchase of Tata's vehicles. In this way, both entities plan to leverage on each other's competencies.