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BMW entering Finance with selling the cars in India

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The luxury car manufacturer, BMW is planning to enter a new business from 2010. The company will be providing the car financial services which will be a non-banking Finance Company. This new services will be headquartered at Gurgaon.

BMW Finance will be a fully owned subsidiary of the German BMW group. It will be a separate entity from the BMW India for cars. BMW Financial Services India has not yet obtained the license to operate as a Non-Banking Finance Company (NBFC) in India and is trying to get it from the Indian Government.  

The company is planning to invest a large sum of $50 million in next two years of time span. The company will be offering solutions for Retail automobile financing for BMW customers and multi make customers, Financing for Fleet Owners and Commercial Financing for BMW Dealerships and multi make dealerships, Insurance solutions through its cooperation partner and may be more yet to disclose.

BMW Financial Services was established in 1993 and has a presence in all major countries of the world excluding India as of now.

Top Selling BMW Cars in India
BMW 5-Series Sedan
BMW 3-Series Sedan
BMW 6-Series Sedan
BMW 7-Series Sedan
BMW X-5 SUV

Related Books:
BMW to roll out two new cars to meet sales target
BMW expand its capacity in India?
New BMW 320d EfficientDynamics Edition
New BMW 7 Series High Security: A new definition of maximum security

Related Books:
BMW Cars
Es Ultimate History of Bmw
BMW R100 RS 

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Posted by Naresh Koshti on 5 September, 2009 10:59:21 AM IST #