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Ahead of 2.0 roll out, Volkswagen Group may exit NBFC biz in India, and shift focus to its Fintech startup for captive financing needs, Auto News, ET Auto

The function of the captive finance arm is to assist accelerate the parent manufacturer penetrate faster and deeper into the state alternatively of just earning cash by way of funding.

By Ketan Thakkar

New Delhi: Volkswagen Finance Personal Ltd, the captive finance arm of the world’s largest car maker Volkswagen Team, is contemplating exiting its NBFC business and deciding on the long run of its Indian operations by the conclude of this quarter, a few people today conscious of the improvement informed ET.

A conclusion on the finance arm is substantial as it will come forward of the group’s most vital two. rollout program in the state, which aims to improve Group’s industry share in India to five% by 2025 from significantly less than one.five% share at existing. This will compel the Team to make different options readily available for its dealerships and clients.

“With its revolutionary electronic credit score

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