DFSI Info: Easy loan schemes leads to increase in luxury car usage
Posted on: 21/Sep/2016 5:29:02 PM
The usage of luxury cars in India is on the rise.It is expected that the number of persons applying for loans for purchasing luxury cars will increase 4 times in the next 4 years.
This information was shared by the Managing Director of DFSI (Daimler Financial Services India) , Fred Weick.
DFSI is one of the branches of the Germany�s leading luxury car manufacturer Daimler.
It is 5 years since Daimler started DFSI services in India.
Mr. Fred Weick was speaking on this special occasion. He informed that funds reserved for vehicle loans will grow to Euro 300 Crores in the next 4 years.
DFSI was started in India with an investment of US Dollars 5 Crores. So far, the company has dispersed loan for vehicles worth Euro 100 Crores. This amount may grow to Euro 300 Crores in the next 4 years.
DFSI extends vehicle loans for buying Daimler Lorries and Mercedes-Benz cars. So far, it has given loans to 28000 customers.
Mr. Weick informed that the target for giving loans is set at additional Euro 20 Crores.
