German luxury car maker BMW on Tuesday launched its financing arm in India with an investment of $50 million (about Rs 230 crore) to serve the credit needs of retail customers, fleet owners and dealers.
German luxury car maker BMW on Tuesday launched BMW Gran Turismo, BMW X6M and BMW 760Li and plans to ramp up capacity of its manufacturing plant at Chennai.
The German luxury carmarker on Tuesday said it will invest $50 million (about Rs 230 crore) to set up a financial services subsidiary to better serve its customers besides industry as a whole.
Luxury carmaker BMW India and ICICI Bank signed an agreement on Friday for offering financing solutions.
BMW India, a wholly-owned subsidiary of German auto major BMW, on Thursday said it is looking at tying-up with an India-based bank to provide financing facilities for its products to boost vehicle sales.
The Audi mobile showroom will tour 30 cities over the next two years.
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