Toyota Financial Service- Toyota Kirloskar Motors Limited’s (TKML) solution for cash crunch Indian market.TKML officials coined this idea to save falling sales.The recent months shown TKML the worst figures for the last several years.Not only in India Toyota globally suffered fall in sales volumes,including United States(US).
Indian automobile manufacturers saw steep fall in sales volumes,in all category from small car to premium cars.This could be the reason for mulling Toyota Financial Service entry into India.Toyota Financial Service is a global player in vehicle finance arena.The introduction of a financial arm is a need for them to fight against Indian grown Tata and Mahindra’s who enjoy their fiancial arm support.
Toyota products positioned in premium segment which essentially need a finance arm may get a boost from entry of Toyota finance arm.Mr Hiroshi Nakagawa, Managing Director, Toyota Kirloskar Motor said
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