BMW Financial Services India will be a subsidiary of BMW Group, headquartered in Munich, Germany. BMW Financial Services was established in 1993 and presently has subsidiaries in 31 countries besides India and is active in more than 60 countries.
BMW Financial Services India will be launched by BMW Group as a subsidiary. The services will be operational in the country by the mid of 2010 and will be headquartered in Gurgaon.
The financial services aim to strengthen the bond between the brand and its consumers. The brand will offer solutions for Retail automobile financing for BMW customers and multi make customers. The step has been taken after reviewing the automobile industry trends and also due to BMW’s achievements in the sector.
The financial services provided by the company will serve as a boon to the premium clientele served by BMW who require exclusive and flexible finance solutions.