BMW India and ICICI Bank sign an exclusive cooperation agreement for Retail Financing

Customised financial solutions offered in the premium car segment for the first time in India

New Delhi: BMW India and ICICI Bank today, signed an exclusive cooperation agreement for offering finance through BMW Financial Services.

With this agreement, BMW India and ICICI Bank will offer innovative and premium quality of service through BMW dealership network and ICICI Bank Direct Sales Agency’s (DSA'S) across India. BMW customers will now be able to avail a range of tailor-made financing solutions from BMW Financial Services offered and provided by ICICI Bank at competitive interest rates.

Commenting on the signing of the agreement, Mr. Peter Kronschnabl, President, BMW India said "ICICI as a leading bank is the optimal partner for offering BMW Financial Services in India. We believe, this association will strengthen our commitment to provide world-class experience to our customers by offering unique financing solutions through ICICI Bank.

BMW Financial Services is currently active in more than 50 countries worldwide offering innovative financing solutions for BMW customers. In 20 countries, BMW Financial Services are offered through leading local banking and insurance partners.

Mr. N.R. Narayanan, Head-Car and Commercial Vehicle Loans, ICICI Bank, said, "ICICI Bank is market leader in Car loans in the country and is delighted to be associated with BMW and looks forward to a long-standing relationship. This retail cooperation agreement would take the financing options available to BMW customers, to a higher level. ICICI Bank has been at the forefront in delivering distinctive value to its customers and remains committed to grow the market."

Source : Equity Bulls

Keywords