BMW India to Launch Leasing Soon, to Become First Car Manufacturer in India to Introduce Leasing

After Mercedes Benz announced to introduce leasing of their cars in India, another German car manufacturer, BMW has announced of their plans to start leasing services in India soon. According to Dr Andreas Schaaf, President, BMW India, "We will become the first company to introduce leasing in India."

On asking when does BMW plans on introducing leasing in India, Mr Schaaf answered in two words, "Very soon." It was earlier predicted that Mercedes Benz India would become the first car company in India to introduce leasing in the Indian auto industry, but Mr Schaaf's statement has come as a surprise. Mr Schaaf announced about BMW India Leasing service at the BMW xDrive Xperience event in Gurgaon earlier this week.




Customers can buy new BMW cars for approximately half its price for a period of 3-4 years. Once the leasing period is over, customers can either buy the car by paying the remaining amount, or return it to BMW, or lease a new car.

The cars which will be returned by customers, BMW India plans on selling those at their second hand outlets, which too are going to be introduced soon in India. This announcement once again cements the fact that the two top luxury car manufacturers in India are at loggerheads for supremacy in the Indian auto industry.