Adani Enterp. 2492.15↓-1.20(-0.05%)
Adani Ports 732.05↓-6.80(-0.92%)
Apollo Hospitals 4814.25↑192.30(4.16%)
Asian Paints 3240.70↑47.75(1.50%)
Axis Bank 919.70↑4.85(0.53%)
B P C L 364.55↑1.05(0.29%)
Bajaj Auto 4643.60↑76.45(1.67%)
Bajaj Finance 7040.50↑50.65(0.72%)
Bajaj Finserv 1450.15↓-0.90(-0.06%)
Bharti Airtel 827.95↓-21.95(-2.58%)
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Coal India 230.35↓-10.90(-4.52%)
Divi's Lab. 3525.40↑81.80(2.38%)
Dr Reddy's Labs 4552.05↑51.00(1.13%)
Eicher Motors 3716.05↑44.10(1.20%)
Grasim Inds 1702.45↓-15.90(-0.93%)
H D F C 2646.70↑6.30(0.24%)
HCL Technologies 1141.90↓-3.20(-0.28%)
HDFC Bank 1604.00↓-6.85(-0.43%)
HDFC Life Insur. 582.20↓-10.15(-1.71%)
Hero Motocorp 2800.40↑40.50(1.47%)
Hind. Unilever 2697.90↑30.35(1.14%)
Hindalco Inds. 406.35↑0.45(0.11%)
ICICI Bank 936.10↓-13.05(-1.37%)
IndusInd Bank 1290.15↑3.55(0.28%)
Infosys 1319.50↑1.20(0.09%)
ITC 439.70↓-5.80(-1.30%)
JSW Steel 693.85↓-2.45(-0.35%)
Kotak Mah. Bank 1930.05↓-84.30(-4.18%)
Larsen & Toubro 2207.80↑2.15(0.10%)
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Maruti Suzuki 9328.30↓-39.40(-0.42%)
Nestle India 21874.30↑201.20(0.93%)
NTPC 174.40↑0.55(0.32%)
O N G C 153.65↓-1.25(-0.81%)
Power Grid Corpn 233.00↓-0.85(-0.36%)
Reliance Industr 2463.25↓-6.65(-0.27%)
SBI Life Insuran 1207.75↓-27.25(-2.21%)
St Bk of India 582.75↑2.90(0.50%)
Sun Pharma.Inds. 987.70↑12.35(1.27%)
Tata Consumer 793.65↓-5.00(-0.63%)
Tata Motors 535.20↑8.90(1.69%)
Tata Steel 105.95↑0.15(0.14%)
TCS 3324.00↑34.50(1.05%)
Tech Mahindra 1120.80↑5.25(0.47%)
Titan Company 2827.25↑4.00(0.14%)
UltraTech Cem. 7842.80↓-27.25(-0.35%)
UPL 677.95↓-7.15(-1.04%)
Wipro 407.15↑3.50(0.87%)

Volkswagen Finance acquires majority stake in KUWY Tech for undisclosed sum

KUWY is an Automotive FinTech Company, powering Instant Lending across Point of Sale

loan, digital lending, finance, technology, banking

Premium

KUWY connects borrowers to lenders and uses its “Click & Drive” Technology to Digitize each step of the Loan Origination Process | Representational image

3 min read Last Updated : Jan 11 2021 | 1:57 PM IST

Volkswagen Finance Pvt. Ltd. (VWFPL)India, part of Volkswagen Financial Services, has increased its shareholding in Chennai-based KUWY Technology Service Pvt Ltd. (KWY) by picking up a majority stake in the latter. The company did not disclose the value of the deal and other details.

VWFL first picked up a 25 per cent stake in the company in September 2019.

KUWY is an instant lending digital platform and through this acquisition Volkswagen Finance Pvt Ltd will grow its new & used car business through KUWY’s pan India network on car financing. The acquisition is also in line with the Volkswagen Group’s - India 2.0 strategy of VWFPL in its quest to offer added value to its consumers through digital channels.