BMW Financial Services steps up investment in India.
Gurgaon. The BMW Group has increased its investment in BMW Financial Services India to 6.4 billion Indian Rupees (€ 98 million) in 2015 from 5.3 billion Indian Rupees (€ 80 million) in 2012.
Dr. Stefan David Schlipf, Managing Director and Chief Executive Officer, BMW Financial Services India said, “BMW Financial Services India has successfully established itself as the leading provider of customized financing solutions and premium services and the new investment will help us in further enhancing our portfolio. This investment reinforces BMW Group’s long-term commitment to India which is an important market for us. We are dedicated to provide a ‘complete brand experience’ to our customers, be it in terms of tactical delivery of products or service quality.”
The ideal partner for private and corporate customers, BMW Financial Services offers an extensive product portfolio including financing, leasing, insurance (as corporate agent) and dealer financing. BMW Financial Services takes the BMW ownership experience to a new level of luxury with individually tailored payment plans, attractive offers, quick approvals with fast turn-around time and special loyalty benefits.
Mr. Philipp von Sahr, President, BMW India said, “In the world of BMW, world-class isn’t limited to the vehicles that we engineer. It also finds its way into the services that we offer. BMW Financial Services completes the circle of ‘Sheer Driving Pleasure’ by providing complete peace of mind to BMW customers with transparent financial solutions to make the transition from showroom to the road. BMW Financial Services is an integral part of our operations in India and has made significant contribution to BMW Group’s growth in this market.”
BMW Financial Services India
BMW Group launched BMW Financial Services India on 5 October 2010 as a 100% subsidiary headquartered in Gurgaon (National Capital Region). On 16 June 2010, BMW Financial Services received a license to operate as a Non-Banking Finance Company (NBFC) from the Reserve Bank of India.
BMW Financial Services India operates with three business lines: Retail Finance, Commercial Finance and Insurance Solutions (as corporate agents). The services offered through BMW Financial Services are significantly valuable to the premium clientele who require exclusive and flexible financial solutions. Service excellence is the primary focus of operations across all business lines.
BMW Financial Services India offers 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. Commercial finance solutions offered to BMW India dealerships further strengthen operations in the country and reinforce the BMW brand. BMW Financial Services offers insurance solutions (as corporate agents) to its customers in India.
BMW Financial Services India has an in-house Customer Interaction Centre where professionals assist customers with expert information on the entire range of products and services. Currently, BMW Financial Services India employs around 90 people.
MINI Financial Services India promises financial solutions that are customised to the core along with special loyalty benefits, part-payment facilities and many more attractive offers.