Groupe PSA launches mobility solutions in India

Groupe PSA has launched “Citroën Finance” and “Citroën Lease”, in partnership with Axis Bank, India’s third largest private sector bank to offer retail finance and customized credit to Group dealers and ALD Automotive, a globally renowned automotive leasing and fleet management company to offer full leasing services to the final customers. 

To enhance customer reach and market coverage, Groupe PSA plans to sign standard cooperation agreements with other leading auto finance players in India. A first partnership was signed with Kotak Mahindra Prime Ltd (KMPL), a non-banking finance company.  

These partnerships will offer scalable retail finance and mobility solutions to Citroën customers and customized credit solutions to the Group dealers.

Emmanuel Delay, executive vice president India Pacific said: “These partnerships are a new step in Groupe PSA objective to progressively establish a meaningful presence in India. We are committed to provide the best-in-class car ownership experience to our Indian customers with competitive Citroën cars, competitive finance offers and dedicated multi-national teams to meet their expectations.”