Ford expands vehicle finance operations in India

US auto major Ford today expanded its vehicle finance operations in India for providing loan facility to retail customers.
The company's financing arm -- Ford Credit India, has launched operations in key dealerships to provide loans to retail customers, Ford India said in a statement.
In the first phase of its rollout, the retail financing would be available to customers in 17 cities across India including Delhi, Chandigarh, Dehradun, Ludhiana, Jhansi, Agra, Moradabad, Ahmedabad, Mehsana, Jamnagar and Bangalore, it added. Other cities include Chennai, Cochin, Hyderabad, Gaya, Dhanbad and Durgapur.
Ford Credit had begun financing new-vehicle inventory for dealers in India in March and added used-vehicle inventory financing a few months later.

"Customers have the convenience of financing facilitated by the dealer, along with the expert service of a company that specialises in Ford financing and builds customer relationships. Our goal is to contribute to the great experience consumers have with Ford vehicles," Ford Credit India MD Mark Constable said.
The company has also launched a special financing programme for new Ford EcoSport at 8.99 per cent per annum.
"The addition of retail financing to the dealer financing successfully launched earlier this year enables us to take advantage of this experience to support Ford growth plans," Ford India President and MD Nigel Harris said.