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 INR 2600 Mn. 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.
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% finance which have been specifically designed to provide ease to Toyota customers.
Mr. 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.”
Mr. 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”.
Mr. Kazuki Ogura further added “We have put a lot of effort to ensure our customers have a quick and smooth process while purchasing their Toyota car. From an industry best 8 hour loan approval, to easy documentation, to customized solutions, our global experience and understanding of the auto finance industry precedes us and we will put our best efforts forward to ensure a happier Toyota customer”.
Mr. 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.