 "Mercedes")
Mercedes-Benz Financial, the vehicle financing arm of German luxury carmaker Daimler, is expanding its business on the growing popularity of its parent’s luxury car business in India. Mercedes emerged as the country’s biggest luxury car player in 2015 and retained the position in the 2016 calendar year.
Every second vehicle sold by Mercedes in the country (on lease/finance) is now financed by Mercedes-Benz Financial or MBF. The carmaker said MBF saw a growth of 25 per cent in its transactions during 2016. “MBF is growing favourably with our rising presence. They started just five years ago and have grown rapidly. They
