Skip to content

Audi India plans car finance branch by end of Q1 2011

It’s all happening in India right now. There are a number of manufacturers who are trying to secure the majority stake in the country’s car market, and Audi India has decided to up the stakes by opening its own car finance branch by the end of Q1 2011.

It’s all happening in India right now. There are a number of manufacturers who are trying to secure the majority stake in the country’s car market, and Audi India has decided to up the stakes by opening its own car finance branch by the end of Q1 2011.

Audi India director, Michael Perschke said the company “which retails luxury sedans and Sports Utility Vehicles (SUVs) in the market would float its finance arm" and "By the first quarter (of 2011) you will also see the finance arm.”

It’s currently an all-out German civil war to secure the lucrative Indian market; Mercedes, Audi and BMW are all doing their best to secure supremacy.

Posted by on

Back to January 2011

Back to top