BharatBenz India DFS financed commercial vehicles have doubled

Daimler Financial Services finances 4 of every 10 Daimler vehicles delivered. For Q1-Q3 2013, company earnings before taxes and interest (EBIT) are 955 million euros.

Daimler-Trucks-celebrates-its-first-production-anniversary-in-India

“In October 2013, we exceeded the three million mark,” said Klaus Entenmann, Chairman of the Board of Management of Daimler Financial Services AG, on Tuesday in Stuttgart. Entenman added, “For the year as a whole, we aim to achieve an EBIT of about 1.25 billion euros. This would exceed our expected return on equity of at least 17 percent. We have achieved good results – especially considering that we are investing in digital sales channels and innovative mobility services at the moment.” “We are currently in the midst of the race to the finish line.”

For the first ten months of 2013 where new business and contract volumes are concerned,records have been made. New business grew 6% to 33 billion euros. By October end, DFS reached a contract volume of 82 billion euros at 3% increase over Jan-Oct 2012. Strong growth is expected in Q4 2013 as well.

Growth across regions saw Daimler Financial Services reach out to new customers globally. For the yea thus far growth in newly financed vehicles increased 22% in UK, 17% in Turkey, 3% in Germany the 2nd biggest market after the United States, 15% in US, and in India, the new BharatBenz commercial vehicle brand saw number of newly financed vehicles more than double.

Daimler Financial Services finances three million vehicles for the first time