Mercedes-Benz expanding into India
http://www.business-standard.com/india/news/mercedes-benz-to-extend-finance-arm-to-india/409943/
Daimler Financial Services (DFS), the financial arm of Mercedes-Benz will be moving into India pending some approvals from authorities. They will be focusing on finance and leasing, dealer financing and insurance to private customers, dealers and groups. DFS has already been active within the used car market but will be moving into financing and backing of new vehicle to expand their luxury car brand in India.
I think that this is an important article because it shows how India’s economic system has been growing through a commercial product like luxury cars. Mumbai, Delhi, Chennai and Ahmedabad already has a pre-owned operation but in the “second phase,” Mercedes-Benz they will be launching operations in Pune, Hyderabad, Bangalore, Kolkata and Jalandhar. I just found it interesting that for an economy that has had such a hard time that now a luxury vehicles expanding across the country.
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