http://uk.reuters.com/article/2015/01/16/idUKnHUGbws6dS 1c1 ONE20150116?type=companyNews The FCA bank, a JV with Credit Agricole of France, may well be required in India too, especially if FCA wants to outdo the Germans in India when it comes to SUVs (Jeep). In fact this is another area of synergy between the Tata-s and FCA: Tata Capital and Tata AIG can, like Mahindra Capital and Bajaj Finserv, do much more low-risk finance-stuff to push sales of Fiats, Jeeps and of course Tata Motors vehicles including JLR. They're doing it, but not as much or as successfully as these other 2 firms. As of now Fiat sales numbers are too low and too inelastic, but over the next 2-3 years as the Jeeps arrive and even as (hopefully) the Tata-FCA JV activities grow and expand, this FCA Bank and/or Tata Capital will have a good role to play imo in, if nothin else, boostin the firms' margins from the car and suv business, inluding esp finance for dealers. Mahindra, Bajaj, VW roup, Mercedes etc all have their own finance/banking and/or insurance arms, well-integrated into their sales and dealer processes: a sinificant source of their competitiveness and of their margins, it would appear?