Volkswagen Financial Services AG in India

Published On Jan 30, 2009 07:42 PM By Ritesh

Volkswagen Financial Services AG, Europe's largest financial service provider for the automotive industry, has founded a subsidiary in India as Volkswagen Finance Pvt. Ltd., with effect from 16 January 2009. The company has its headquarters in Mumbai.

Volkswagen Financial Services AG is a wholly-owned subsidiary of Volkswagen AG and has its headquarters in Braunschweig, Germany. The company is responsible for the coordination of the Volkswagen Group's financial service provider activities across the globe. With this step, Volkswagen financial service providers are now in a position to offer both dealers and end customers their financial services products. This offer applies specifically to the Group brands Volkswagen, Audi and Škoda.

Volkswagen Finance Pvt. Ltd. will conclude cooperation agreements with Indian financial institutions and insurance companies with a view to realising efficient market penetration.