Honda Launches Finance Arm in India for Vehicle Loans

Honda, the car and motorcycle maker, is starting its own finance company in India.

This means they will offer loans to people who want to buy their bikes and cars.

Previously, Indian customers mainly used local banks for loans.

Honda is creating its own financial arm to make it easier for customers to purchase their products.

The new company, Honda Finance India, will apply for permission to operate as a finance company.

Once approved, it will provide loans and lease options.

Honda already offers similar services in countries like Japan, North America, and Europe.

India is now the ninth country where Honda has its own finance company.