• Angry
  • Awesome
  • Hungry
  • Secret
  • Results 1 to 2 of 2

    Thread: Toyota Financial Services enters India

    1. #1
      Rabid Dog Club
      Giving excuses!
      camchennai's Avatar
      Join Date
      Nov 2010
      City of Super Kings!!!

      Toyota Financial Services enters India

      Toyota Financial Services a wholly owned subsidiary of Japanese automobile giant Toyota Motor Corporation today announced the launch of its services here in India. Headquartered in Bangalore, Toyota Financial Services India (TFSIN), now a RBI licensed* non-banking finance set up, will provide auto finance for Toyota vehicle buyers.

      Toyota Financial Services began its operations in Australia in 1982 and has grown to be a company that currently employs approximately 8,400 employees worldwide with assets in excess of $150 billion. The company has a global footprint in 33 countries and enters India with an investment of Rs 260 crore TFSIN’s core objective is to support Toyota sales in India through its knowledge and specialty in the auto finance industry and will bring forth innovative products and services to Toyota customers.

      Kazuki Ogura, MD & CEO, Toyota Financial Services India Ltd. said “We are extremely happy to be in India. The Indian automobile industry is destined to be one of largest in the world. This calls for special attention to our customers to whom we will offer unique finance services through highly trained and qualified Finance Executives at each Toyota dealership. Our objective is to provide Toyota customers with the best auto finance in the market.”

      Hiroshi Nakagawa, MD, Toyota Kirloskar Motor who was also at the launch said, “We welcome Toyota Financial Services in India which would further strengthen our brand and would help us come closer to our customer by fulfilling their financial needs. TFSIN has tremendous potential and would work like a catalyst in the growth of Toyota in India”.

      TFSIN will commence operations through Toyota dealerships in Bangalore and New Delhi followed by a phased launch across India. Every Toyota dealer outlet will have a dedicated finance executive who ensures the customer gets the best finance deal. Apart from dedicated service, the company will offer several unique products such as TFS smart, extended tenor and 100 percent finance which have been specifically designed to provide ease to Toyota customers.

      Sandeep Singh, DMD (Marketing), Toyota Kirloskar Motor said “Toyota’s objective is to understand the financial needs of all potential customers and ensure that these financial needs are fulfilled through our financial associates. TKM has always shared a very good rapport with all our financial partners and we are confident that TFSIN will further help us in our efforts to provide customer delight in owning and driving a Toyota”. Toyota Group commenced its financial services with an objective to provide customers with a loan facility to acquire vehicles, to support Toyota Group’s revenue and to contribute to the sales promotion of products offered by Toyota.

      Looks like Toyota is bringing Financial services to support Lexus brand, we could see Lexus soon in India
      Toyota Camry MT|TATA Safari EX 4x2

      Rabid Dog Club - bite first, bark later :-P

      “The auto industry is not a charity that produces widgets for driving enthusiasts.”

    2. #2
      Forza Ferrari!!!
      KRRaj's Avatar
      Join Date
      Nov 2009
      Quote Originally Posted by camchennai View Post
      we could see Lexus soon in India
      I am actually surprised not to see Toyota not bringing it sooner. With BMW, Audi, etc setting shop here, I wonder what prevents Toyota from getting Lexus here
      "Sometimes I think the surest sign that intelligent life exists elsewhere in the universe is that none of it has tried to contact us."


    Thread Information

    Users Browsing this Thread

    There are currently 1 users browsing this thread. (0 members and 1 guests)

    Similar Threads

    1. Toyota Launches the Prius in India !!
      By avinash in forum Prius
      Replies: 21
      Last Post: 19th Mar 2013, 20:01
    2. VW enters used car business in India
      By Gilead in forum Volkswagen
      Replies: 18
      Last Post: 7th Nov 2012, 04:36
    3. Replies: 6
      Last Post: 18th Feb 2012, 10:03
    4. Replies: 8
      Last Post: 25th Mar 2010, 14:07
    5. Replies: 0
      Last Post: 1st Jan 2010, 19:58


    Posting Permissions

    • You may not post new threads
    • You may not post replies
    • You may not post attachments
    • You may not edit your posts