To be set up, Daimler Financial Services India Private, will be a 100% auxiliary of Daimler and is expected to be operational in the third quarter of 2011.
The product operation of Daimler Financial Services in India will include financing, leasing, word and play financing for Mercedes-Benz passenger cars during marketplace launch.
The blurb automobile financial products will be offered, for a newly grown Daimler lorry formula for a Indian market, BharatBenz, in 2012 after a start of lorry prolongation in Chennai.
Richard Howard, member of a board of management of Daimler Financial Services obliged for a segment Africa Asia/Pacific said that India is one of a fastest growing automotive markets and Daimler Group has high expectations from this market.
‘The Daimler Financial Services India will support a sales of Mercedes-Benz cars and Daimler trucks. We will primarily deposition upwards of $50m as part of marketplace entry," Howard said.
Daimler Financial Services India Private managing director Sidhartha Nair said that by providing innovative and customized financial and word solutions to dealers and customers, Daimler intends to heighten a tenure knowledge of Mercedes-Benz and BharatBenz branded automotive products, underneath the Mercedes-Benz Financial and BharatBenz Financial labels.
