Caterpillar Financial Services India (Cat Financial India), a wholly owned subsidiary of Caterpillar Inc, announced the launch of its India operations effective July 1, 2019. Headquartered in Bengaluru, Cat Financial India, along with Caterpillar’s two Indian dealers, Gmmco and Gainwell Commosales, will support customers in India by offering a one-stop solution for customised financial services for a range of Cat products. The Bengaluru office is the 41st Cat Financial location globally.
Cat Financial India will enable Caterpillar India dealers to provide financial solutions in a responsive and timely manner to meet customer’s needs and support them in expanding their business opportunities, according to the company.
“Our new office presence in India not only helps support Caterpillar growth in an emerging region, but also creates a competitive edge and opportunity to provide highly differentiated financial services for our customers that leverage data and technology to make their experience inclusive, seamless and transparent,” said Shelley Barrett, Vice President, Asia Pacific, Caterpillar Financial Services Corporation.
“Construction and infrastructure are priority sectors and key drivers for the Indian economy, and the launch of this Cat Financial office further demonstrates and strengthens our commitment to our local customers,” noted Christopher Farrar, Managing Director, Caterpillar Financial Services India. “We look forward to working with our dealers to ensure that our financial solutions reach our customers with ease and in a prompt time frame.”
“With the financing options and unique services Cat Financial India offers, our customers now have access to one-stop financing to easily buy Caterpillar’s productive, reliable and innovative machines in the competitive Indian market,” agreed Chandrashekar V, Managing Director and CEO, Gmmco and Sunil Kumar Chaturvedi, Chairman and Managing Director, Gainwell Commosales.