BMW India Financial Services names Andreas Modlmayer MD & CEO

BMW India Financial Services has appointed Andreas Modlmayer as Managing Director & CEO, strengthening leadership as captive finance becomes integral to premium-auto growth. The ETHRWorld update frames the appointment within the role BIS plays in consumer and dealer financing from new/used vehicle loans and leases to insurance and value-added services. Modlmayer’s remit is to keep the credit engine aligned with BMW’s product cadence, ensuring risk-disciplined growth, frictionless digital journeys, and robust dealer support through cycles. In India’s premium segment, captive lenders are strategic: they support take rates, manage residual values, and deepen customer lifetime value via renewal and retention. The article emphasizes the leadership transition; operationally, one can expect continuity in portfolio quality, faster credit decisioning, and ecosystem partnerships as EVs and new ownership models (subscriptions, leases) gain share.