Honda Finance India Private Ltd. is Honda’s new venture. It will provide retail loans and leasing. This enters Honda into India’s vehicle loan market. It also supports customers better. Honda plans to add three models by FY26-27.
The company will seek a Non-Banking Financial Company license. This move signals Honda’s intent to grow its financial services. India is the ninth country with such an arm. Honda sees growth in vehicle loans as sales increase. It previously relied on other lenders for customer finance. This new unit aims to boost Honda’s presence. It will offer loans and leasing for vehicles. Tailored financial options will also be available. Honda is also looking at new finance models.
These will support software-defined vehicles. Using vehicle data could create new services. This enhances customer satisfaction. It improves the ownership experience. Honda seeks to expand its financial services globally. India is a key part of this strategy.