Tata Motors restructuring its finance arm with focus on used vehicles

The re-organisation began in the middle of 2017 and is expected to be complete by May, said a person directly involved

Tata Motors Finance is restructuring its captive vehicle finance arm. It is trying to sharpen the focus on specific segments such as used vehicles, dealer and vendor finance. 

As part of the move Tata Motors Finance, one of the largest financiers of new commercial vehicles, has converted itself into a core investment company (CIC) from a non-banking financial company (NBFC) which was into asset financing, after Reserve Bank of India approval. It is now formally Tata Motors Holding Finance Ltd (TMHFL). The financing business is now being carried out by subsidiaries of the holding company.

The re-organisation began in the