Volvo India and Srei BNP Paribas announced the formation of an alliance to launch a private label retail financing program branded as Volvo Financial Services in India, effective immediately.

This will strengthen the Volvo Group’s ability to provide full service financial solutions to Volvo Group customers in India and customers of its JV with Eicher Group’s VE Commercial Vehicles Ltd.

Srei BNP Paribas is India’s largest construction equipment finance company and with this alliance, Volvo Financial Services will leverage Srei BNP Paribas’s expertise of over 22 years coupled with a network of 87 offices across India.

John Rakocy, president of Volvo Financial Services for Region Asia/Pacific comments, “After a comprehensive review process, we are excited to alliance with Srei BNP Paribas for Volvo Financial Services in India. The Volvo Group and its distributors will benefit from leveraging Srei’s expertise and financial capabilities in credit underwriting, funding, and sales and marketing effectiveness through a private label program under the Volvo Financial Services name.”