Monday, April 12, 2021
Indian Drives
No Result
View All Result
No Result
View All Result
Indian Drives
No Result
View All Result
Home Latest News

Volvo Debuts Retail Financial Services, Partners with Srei BNP Parib

by indiandrives
in Latest News
0 0
0

Volvo Group recently launched their retail financial services which are aimed to help their Eicher and Volvo customers. Volvo’s Financial Services division in India recently partnered with Srei BNP Paribas, which is a non-banking financial corporation that finances commercial vehicles and equipments in India.

The global finance division of Volvo Group began in the year 2001, and operates in more than 40 countries. Volvo meets 20% of its global sales from financing provided by its Financial Services division. The president of this division’s Pacific/ Asia regions, John Rakocy, said that this partnership will help both of their companies address new opportunities for growth by creating co-branded financing services and programmes for their customers.

D.K.Vyas, the CEO of Srei Paribas, said that these financial services would also be extended to their trucks, buses, construction equipment, and Eicher buses and trucks. The country had estimated sales of construction equipment amounting to $5bn, while commercial vehicle sales amounted to $10bn. Of these 70% sales were financed by non-banking finance corporations, and the rest through banks or cash.


The company already used to finance products from the Volvo Group, however only formalised the association now. Srei BNP Paribas has a market share of 33% in the construction equipment markets finance business. Vyas also added that they are planning on entering the agriculture equipment and medical equipment market soon.

Tags: Volvo
Previous Post

Continental Emphasizes Use of Direct Tire Pressure Monitoring Technology

Next Post

Honda Plans to Increase Sales Network in Tier II & III Cities before Brio Launch

Next Post

Honda Plans to Increase Sales Network in Tier II & III Cities before Brio Launch

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Archives

Recent Posts

  • 2021 Triumph Bonneville Range Launched In India; Prices Start At Rs 7.95 Lakh
  • All-New Hyundai i20 Accessories: Genuine Accessories With Pricing: Make Your Hyundai i20 Unique (P2)
  • Aprilia SXR 125 Pre-Bookings Begin In India: To Rival Suzuki Burgman Street 125
  • Yamaha YZF-R15 V3.0 Metallic Red Colour Launched In India: Priced At 1.52 Lakh
  • Latest News From Indian Automobile Industry – Jaguar I-Pace, Ford India, Honda CB650R & CBR650R

Categories

Indiandrives.com

© 2020 Indian Drives

Navigate Site

  • Auto Expo 2020
  • Aston Martin
  • Audi
  • Bentley
  • BMW
  • Buyers Guide
  • Car Comparison
  • Chevrolet
  • Driving Tips
  • Events
  • Featured
  • Ferrari
  • Fiat
  • Force
  • Ford
  • Great Wall Motors
  • Harley Davidson
  • Honda
  • Hyundai
  • Isuzu
  • Jaguar
  • Kia
  • Koenigsegg
  • KTM
  • Lamborghini
  • Latest Cars
  • Latest News
  • Lexus
  • Mahindra
  • Maruti Suzuki
  • Maserati
  • Mercedes Benz
  • MG Motor
  • Mitsubishi
  • New Car Reviews
  • Nissan
  • Peugeot
  • Porsche
  • Range Rover
  • Renault
  • Rolls Royce
  • Skoda
  • Tata
  • Test Drive
  • Auto Expo 2020
  • Toyota
  • Kia
  • Upcoming Cars
  • MG Motor
  • Used Car Reviews
  • KTM
  • Volkswagen
  • Isuzu
  • Volvo
  • Harley Davidson
  • MG
  • Great Wall Motors

Follow Us

No Result
View All Result

© 2020 Indian Drives

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In