India, Aug. 20 -- Japanese auto major Honda Motor Co recently established a new retail finance company in India, christened 'Honda Finance India'. The new company will provide customers with retail sales financing services, including loans and lease sales options for Honda products in India.
The automaker states that with demand for two-wheelers and four-wheelers set to grow in India, there will be a significant growth opportunity for retail finance too. Till now, retail sales financing services has been primarily done by local financial institutions in India.
However, Honda aims to further strengthen its business in India by offering its own sales financing services through a local subsidiary in India. For this, Honda Finance India is a...