Audi India director Michael Perschke has confirmed that Audi will start its own finance its own finance arm in India to provide luxury car loans to Audi buyers in India. The finance arm will be operational by the first quarter of the year 2011. Besides its own finance arm, Audi has also tied up with some other finance companies to provide auto loans. This is not the first time an automobile company is running its own finance wing, there are many Indian automobile companies doing this already. Having own finance wing helps process the loans quickly and deal with the HNI customers on a priority basis. This will help Audi to improve sales and push the sales higher. The expected sales target of Audi in the year is to sell about 4500 units compared to about 3000 units of luxury cars and SUVs sold in India by Audi in the year 2010.
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