Honda Motor Co., Ltd. has officially announced the establishment of Honda Finance India Private Ltd., a new subsidiary aimed at providing retail sales financing in the Indian market. The company will offer loans and leasing options for Honda motorcycles and automobiles, marking a major move into India’s growing vehicle finance sector.
Until now, such services in India were mostly handled by local financial institutions. Recognizing the increasing number of customers using financing to purchase vehicles, Honda has decided to strengthen its presence by launching its own in-house finance arm. Honda Finance India will soon apply for a Non-Banking Financial Company (NBFC) license to begin operations. Once approved, it will offer financial solutions for both vehicles and related services.India becomes the ninth country where Honda operates a dedicated financial services subsidiary, joining Japan, the U.S., and key European nations.
“With Honda Finance India, we aim to provide flexible and accessible financing solutions tailored to local customer needs,” said Toshihiro Mibe, President & CEO of Honda Motor Co., Ltd. “This will strengthen our long-term relationship with Indian consumers.”
Looking ahead, Honda also plans to explore new financial models using data from software-defined vehicles (SDVs) to enhance customer satisfaction and drive global innovation in mobility financing.