Looks like being the biggest car maker on the Japanese lands is not enough for Toyota Motor Corp because recently the company has pulled a move on the Indian shores in which it has launched the Toyota Financial Services with an investment of INR 2600 Mn. The firm is aimed at offering a unique experience to the Toyota car customers and fans through its innovative products and services. Although the headquarters of Toyota Financial Services India (TFSIN) will be finding base in Bangalore, the national capital New Delhi will also see an operation centre.
This subsidiary of Toyota has received the license from the Reserve Bank of India for a non-banking set up, which will be supplying auto finance to buyers opting for Toyota vehicles. Started in Australia in 1982 the Toyota Financial Services is a $150 billion company that is expanded into 33 countries. The MD and CEO of TFSIN, Mr. Kazuki Ogura mentioned that the company is excessively happy to have entered the Indian auto industry, which is clearly destined to be counted among the largest auto industries of the world. He also stated that owing to the above fact special attention was required to be capable of offering unique and special financial services to the customers of the brand and the company is going to achieve this through employing trained and skilled Finance Executives at each dealership. He added that the company aims at treating the customers with the best auto finance possible in the market.
The MD of Toyota Kirloskar motors, Mr. Hiroshi Nakagawa stated that the company welcomes the TFS in India and it is sure that this company is going to strengthen the brand further by helping the company fulfilling the financial needs of the customers. He added that TFSIN promises tremendous potential which would catalyse the growth of the brand in the Indian subcontinent. According to the DMD of Toyota Kirloskar Motors, Mr. Sandeep Singh, the company aims at understanding the financial needs of the potential customers and with the help of financial associates it makes sure that the customers receive what they need.
He added that the TKM has maintained good rapport with its financial partners and the company is confident that the advent of TFSIN will aid in the efforts of the company that are directed towards delighting the owners with the ownership of a Toyota car. The unique services offered by the TFSIN include the loan approval in as less as 8 hours, easy documentation, 100 percent finance for cars, finance executives dedicated to their task, insurance funding and extended tenor. The financial services were commenced to serve three purposes of providing easy loan services to the buyers, to support the revenue of the Toyota Group as a whole and to extended contribution in the sales and promotion of the products offered by the company.