Volvo Group launches customer financing in India

Volvo Group launches customer financing in India

MUMBAI: Volvo Financial Services today announced the launch of its operations in India to provide a competitive and total one-stop shop solution of equipment, loans, leases, insurance, maintenance, and other aftermarket services, to customers and dealers of the Volvo Group and VE Commercial Vehicles -VECV.

VECV is a joint venture between the Volvo Group and Eicher Motors Limited in India. Volvo Financial Services offers a comprehensive selection of customisable loan, lease and insurance options for truck, construction equipment, and bus customers under three different Volvo Group brands - Volvo Financial Services, Eicher Financial Services and SDLG Financial Services.

Volvo Financial Services seeks to enable value for customers and dealers throughout the business lifecycle.

"Volvo Financial Services is a global enterprise, and being part of the Volvo Group, we have a strong understanding of the use of the products made by Volvo Group and VE Commercial Vehicles under the Eicher Trucks and Eicher Buses brands, and the industries in which our customers operate in," said Scott Rafkin, EVP and Global President, Volvo Financial Services.

After running a private label-financing program with one of the leading finance companies in India during 2011 to 2014, the company decided to launch full-fledged operations in India. Volvo Group has over 17 years experience of operating in the country. "India continues to be a key growth market in the APAC region, and we are here to demonstrate our long term commitment to India's growth story by facilitating our customers' and dealers' business," said John Rakocy, President, Volvo Financial Services Region Asia-Pacific.

"Whether our customers are large fleet operators or small business owners, they are at the core of everything that we do," said Santosh Aiyer, Managing Director, Volvo Financial Services India.