With a view to establish a proper framework before its small car enters the Indian shores, Toyota has recently taken a step in the same direction by joining hands with Indian Bank to provide retail financing facilities to its prospective customers.

TKM said in a statement that the company has extended its auto retail finance to their prospective customers with Indian Bank after it had signed a MoU with the public sector lender.

In fact, the statement further pointed out the fact that according to the terms of the deal; Indian Bank will be one of the preferred retail financiers for the entire range of vehicles of TKM.

The Bangalore-based auto maker said in a statement that both the parties i.e. Indian Bank and Toyota dealers will promote the schemes to provide various finance options to its customers through all branches of Indian Bank.

Notably, the company is also working on expanding its dealership network to ensure that it has got its strategy right at all ends before its small car debuts in the Indian market. Etios is expected to debut by early 2011.