Toyota’s finance arm comes to India

Toyota Financial Services, a wholly owned subsidiary of Toyota Motor Corp., Japan, announced the launch of its services in India. The financial arm operates in 33 countries already and will commence operations at Toyota dealerships in New Delhi and Bangalore from June 5. It will later expand to all the metro cities within the financial year.

Toyota Financial Services aims to increase the sales of Toyota cars by providing competitive finance packages and better customer experience. It promises eight-hour loan approval, easier documentation, extension of tenor and lesser number of signatures to make the loan process less intimidating.

There are different finance options like Classic, Easy and Flexi where EMIs can be customised according to individual needs. In the TFS Smart scheme, the loan tenure can be extended and there is even the option to upgrade to a next Toyota car.

Present on the occasion of the launch was Kazuki Ogura, MD & CEO, Toyota Financial Services India and Hiroshi Nakagawa, MD, Toyota Kirloskar Motor.