Mercedes-Benz to Set Up Financing Division in India
German car manufacturer, Mercedes Benz had planned to set up a financing division in India to boost up its vehicle sales. Mercedes will offer financing, leasing, insurance, and fleet management as a part of financial services with this division.
Sales of Mercedes Benz already exceeded in this year due to strong demand in month of September. Mercedes has sold almost 3285 cars and 220 trucks in this year. As there has been considerable slow down in demand since October, the company thinks that launching the finance division from it will assist customers to buy its vehicles. Mercedes Benz already offered financing facility in almost 40 countries globally.
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That's good news for Indian Car lovers and I think it make some jobs on market. and ICICI is financing so any one can afford it's very well.
The company is doing primary research on the Indian automobile finance market. Though the details are yet to be worked it could be in line with the company`s financing facility offered to clients in Europe and West Asia among others.<br/> The Daimler group owner of Mercedes-Benz brand provides financing, leasing, insurance and fleet-management as part of its financial offerings. The Indian subsidiary currently has a tie-up with ICICI Bank for financing its vehicles.