Volvo India ties up with Srei BNP Paribas to launch “Volvo Financial Services”
Published On May 11, 2011 06:43 PM By Vikas for Volvo S 80
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Global cars manufacturer Volvo India Pvt. ltd and Srei BNP Paribas officially announced the association of the two companies in launching the a private label retail financing program “Volvo Financial Services” in India. Volvo officials said that the 'Volvo Financial Services', (VFS) will facilitate the Volvo Group's skills and will present full service financial solutions to Volvo Group customers in India. Furthermore with the launch of VFS, Volvo officials said that company is going to amplify its growth in India in all product sectors by blending finance with product offerings.
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Volvo officials said that after combining the two companies on different fronts like sales, marketing and operations, the association is going to permit both companies to deal with high prospects by introducing co-branded financing programs and services for Indian customers of the Volvo Group and Srei BNP Paribas.
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President of Volvo Financial Services for Region Asia/Pacific, John Rakocy said that after thorough analysis and review procedure, the company is quite thrilled having close association with Srei BNP Paribas for “Volvo Financial Services” in India. He further said that this alliance will help Volvo India Group and its distributors with advantages ranging from assistance from Srei’s proficiency and financial capabilities in credit underwriting, funding, and sales and marketing efficacy through “Volvo Financial Services” name. He said that Volvo India is sensing good prospects and growth in key Asian market.
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Srei BNP Paribas, CEO, D K Vyas, said that their company is contented by having alliance with Volvo India in Volvo Financial Services. He also added that the whole idea behind this association is to provide absolute assistance in financing solutions to Volvo Group customers. He state that Srei BNP Paribas has been financing Volvo Group products since embark of Volvo in India and so they want to take the alliance on higher grounds with strength and strong companionship.
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Furthermore he said that Srei BNP Paribas is having good reputation in business blended with consistency and mind-set of creating innovative financing products and all this is going to help the Volvo Group enhance its market share and contribute in the India growth story.
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