BMW Financial Services has been successfully operating in India with its three business lines: Retail finance, Commercial finance for the BMW India Dealerships and Insurance solutions through cooperation partners for BMW customers.The services offered through BMW Financial Services have been valuable to the premium clients who require financial solutions. Frank-Peter Arndt, member of the Board of Management of BMW AG, who is also responsible for Production stated, “India is a market that holds great potential for the future for us and is a building block in our global market offensive.”
BMW is considering expanding the range of products offered in China, as well as introducing a leasing-vehicle business, in order to enhance its presence on the Chinese market. BMW plans to increase its network of Chinese suppliers to more than 160 from about 100 now. Starting June 2012, BMW will start to assemble locally the new BMW 3 Series sedan.
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