With many manufacturers bringing their in house financing services in India, Toyota also announced the launch of Toyota Financial Services, a wholly owned subsidiary of the Japanese automobile manufacturer. The Toyota Financial Services India (TFSIN), will provide auto finance to the Toyota vehicle buyers.
Mr. Kazuki Ogura, MD & CEO, Toyota Financial Services India Ltd. said “We are extremely happy to be in India. The Indian automobile industry is destined to be one of largest in the world. This calls for special attention to our customers to whom we will offer unique finance services through highly trained and qualified Finance Executives at each Toyota dealership. Our objective is to provide Toyota customers with the best auto finance in the market.”
Mr. Hiroshi Nakagawa, MD, Toyota Kirloskar Motor who was also at the launch said, “We welcome Toyota Financial Services in India which would further strengthen our brand and would help us come closer to our customer by fulfilling their financial needs. TFSIN has tremendous potential and would work like a catalyst in the growth of Toyota in India”.
Toyota Financial Services started its services in Austrailia in 1982 and currently the company employs approximately 8,400 employees across the globe. The company enters India with an investment of INR 2600 million. Currently, the finance house will start operations in Delhi and Bangalore.