Hyundai to bring captive financing arm in India

Hyundai Capital may enter domestic market next year

Korean automobile major Hyundai, the second-biggest carmaker in the country, is planning to bring its captive finance arm, Hyundai Capital, to India. It is learnt that the entry might happen in 2018 calendar year, before Hyundai’s another brand, Kia, begins sales in the market.

Hyundai Capital would offer financing to dealers on vehicle inventory and to individual buyers at the retail level. A feasibility study has been initiated to evaluate its business prospects in India, Hyundai’s third-biggest market globally. Hyundai commands a 17 per cent share in the domestic passenger vehicle market with the Hyundai brand. It is now setting up