Tata Motors Finance Limited (TMFL) and Tata Motors Finance Solutions Limited (TMFSL) are Non Banking Financial Companies ( NBFCs) with each of them being a subsidiary of TMF Holdings Limited (TMFHL).The TMF Holdings Limited is a core investment company (CIC) held 100% by Tata Motors Ltd ( TML ) which is a leading global automobile manufacturer with a portfolio that covers a wide range of cars, sports vehicles, buses, trucks and defense vehicles.\r\nAs per the business arrangement, the new vehicle financing business of TMFHL is undertaken by TMFL, while the dealer/vendor financing business and used vehicle refinance/repurchase is undertaken by TMFSL.