Hitachi Capital Vehicle Solutions, which announced a 16% increase in profits, has confirmed that it will focus on its profitable commercial vehicle operations.
The company enjoyed an operating profit of £10.8m during the 12 months to the end of March from its car and commercial divisions, up from £9.3m on the previous year.
The growth was primarily organic, with the company increasing the range of fleet funding for its customers, and expanding to offer commercial vehicles to its car customers and visa versa.
Simon Oliphant, chief executive at Hitachi Capital Vehicle Solutions said: “The specialist commercial vehicle business has been a particularly strong source of profitable new business, and continues to be a focus for the coming year, alongside corporate contract hire.
"We will also be launching various new services to help our customers drive down costs and promote a safer and greener fleet.”