Finance companies to ramp up presence in rural India
Nano may be set to take on the urban two-wheeler but for Ratan Tata, the real market is rural India. Small car companies are ramping up to grow across India's villages. Many are tying up secondary dealerships in tier 2 and tier 3 towns before the onset of Nano. M&M Finance, already a big player in rural auto finance, is looking at such opportunities including expanding its base for Maruti, General Motors and even Nano eventually.
