BMW Financial Services steps up Investment in India

The BMW Group has increased its investment in BMW Financial Services India to Rs. 5.3-billion (US$ 106-million) in 2012 from Rs. 2.3-billion (US$ 50-million) in 2010.

"In less than two years, BMW Financial Services India has successfully established itself as the
leading provider of customised financing solutions, individually tailored leasing plans and unrivalled services. BMW Financial Services India has made significant contribution to BMW Group's success in India. This investment will help us enhance our product and service offering in India to further augment BMW India's market leadership," said Dan DeChristopher, Managing Director and Chief Executive Officer, BMW Financial Services India.

In 2012, BMW Financial Services India will employ more than 80 people at its headquarters in Gurgaon.

Dr. Andreas Schaaf, President, BMW India said, "BMW India continues to be the leader in the Indian luxury car segment. An integral part of our winning story in India is BMW Financial Services, which provides complete peace of mind to BMW customers with financially attractive offers and professional services to make the transition from showroom to the highway, pleasurable and memorable. The investment clearly reinforces BMW Group's commitment to India."

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