According to the Mint newspaper India's largest lender State Bank of India plans to take 49% of the stake in Tata motors vehicle finance unit Tata Motors Finance. Bank is planning to expand its presence in the trucks and buses segment where it has no presence right now.

Both Tata motors and SBI have been in the discussion for the take selling since May when Tata Motors raised Rs 4,200 crore through non convertible debentures backed by SBI guarantee.

State bank is making affords to boost its car loan segment but commenting on this the officials said specific comments will be given after finalization of the things and according the expects this deal will be a win-win situation to both the companies.

Company officials from both the State Bank of India and Tata Motors could not be immediately reached for comments.