Latest Car News in India

Toyota Financial Services India opens this May 30, better late than never

On this Wednesday, Toyota seems to change the way India opted for car finance services as it is opening its financial arm called as Toyota Financial Services India Ltd. on this day. Now Toyota will be able to provide better deals to its customers on existing line up of its cars including the Toyota Etios sedan, Etios Liva hatchback and other models. Notably, Toyota’s foray into the finance services is long expected and every year the industry awaits the Japanese Indian arm to pitch in its finance services. It is expected that with this venture, Toyota will be able to provide best offers and all round protection for cars in India.

As per the media invite sent by Toyota Bharat, the occasion will be marked by the presence of all important dignitaries of Toyota India group known as Toyota Kirloskar Motors, Pvt. Ltd. (TKM ). Among these will be Hiroshi Nakagawa, Managing Director, TKM, Sandeep Singh, DMD – Marketing and Eiji Hirano, Executive VP, Toyota Financial Services Corporation. The launching of the finance arm will be in Delhi at Yamuna Hall, Shangri-La Hotel, 19 Ashoka Road, Connaught Place, New Delhi at 10.30 am on May 30.

Notably, similar to its Australian venture, Toyota will also be providing car insurance as well as vehicle financing services through the Toyota Financial Services India Ltd. It is believed that Toyota’s finance services will be able to provide better easy and flexible finance options that are the need of the hour due to the higher interest rates that is dampening car sales in India. Besides, it is always a good sign for the car sales of a brand if it provides motor insurance and financing options for its cars. Thus it is expected that Toyota cars including Etios Liva, Etios, Toyota Innova, Toyota Fortuner and others will witness an increase in sales following the new venture.