Volkswagen Finance Private Limited (‘VWFPL’), incorporated in 2009 and headquartered in Mumbai is jointly owned by Volkswagen Financial Services AG, Germany, and Volkswagen Finance Overseas BV, Netherlands. Volkswagen Financial Services (‘VWFS’) AG is a 100% owned subsidiary of Volkswagen AG and has its headquarters in Braunschweig, Germany. VWFS AG is responsible for co-ordinating the worldwide financial services activities of the Volkswagen Group.