BMW Group increases its investment in BMW Financial Services India to INR 5.3 billion
The BMW Group has increased its investment in BMW Financial Services India to INR 5.3 billion in 2012 from INR 2.3 billion in 2010. The Indian arm of BMW Financial Services was introduced less than two years ago and has been since providing customized financial support to their customers. The latest influx of money into the service will help enhance their product and services. The company also plans to employ 80 more individuals at Gurgaon, where BMW India is based out of. It provides Retail Finance, Commercial Finance and Insurance Solutions under the umbrella of BMW Financial Services India.
Mr. Dan DeChristopher, Managing Director and Chief Executive Officer, BMW Financial Services India said, “In less than two years, BMW Financial Services India has successfully established itself as the leading provider of customized financing solutions, individually tailored leasing plans and unrivalled services. BMW Financial Services India has made significant contribution to BMW Group’s success in India. This investment will help us enhance our product and service offering in India to further augment BMW India’s market leadership.”
Dr. Andreas Schaaf, President, BMW India said, “BMW India continues to be the leader in the Indian luxury car segment. An integral part of our winning story in India is BMW Financial Services, which provides complete peace of mind to BMW customers with financially attractive offers and professional services to make the transition from showroom to the highway, pleasurable and memorable. The investment clearly reinforces BMW Group’s commitment to India.”