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Daimler Financial Services completes 5 years of operations in India

By Swati Deshpande,

Added 21 September 2016

DFSI provides financing solutions for every second Daimler Group vehicle sold in India (Passenger Car + Commercial Vehicle)

Daimler Financial Services India completed 5 years of successful operations in India. Speakin on the occasion, Fred Weick, Managing Director, Daimler Financial Services India commented, "In 2011, we entered the dynamic and high potential Indian market and five years later we are extremely satisfied with our market penetration and presence. We are proud to be the fastest growing financial services provider not only for Mercedes-Benz passenger cars business but also for Daimler's commercial vehicles under the BharatBenz brand in India. We always believed that India is a strategic market for us at Daimler Financial Services, and our success is a testament of our vision. We are here for good and would like to contribute in making many more customers for life by providing our consummate and flexible financial products and services."

Weick further elaborated, "In a short span of 5 years, DFS India has become a key pillar for Mercedes-Benz and Bharat Benz, financing almost every second customer, in over 120 cities. We are glad that our growth momentum is on par with our projections envisioned during our inception in 2011. We intend to increase our penetration sustainably and further consolidate our presence as we want to be the first-choice provider of financial and mobility services for our customers and dealers across the country."

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