The BMW Group today said it has invested an additional Rs 110 crore in its financial services arm in India.
This funding takes the German auto major's total investment in BMW Financial Services to Rs 640 crore in 2015 from Rs 530 crore in 2012.
"BMW Financial Services India has successfully established itself as the leading provider of customised financing solutions and premium services and the new investment will help us in further enhancing our portfolio.
"This investment reinforces BMW Group's long-term commitment to India which is an important market for us," Stefan David Schlipf, Managing Director and Chief Executive Officer, BMW Financial Services India said in a statement.
