VFS India is a wholly owned Volvo Group company and is a NBFC regulated by the RBI & provides financial services solutions to customers and Dealers of the Volvo Group and its joint venture in India with Eicher - VE Commercial Vehicles (VECV). VFS India, being a captive financier for the Volvo Group in India, receives significant business, financial, and managerial support from the Volvo Group. Globally, the captive financing business remains important to the Volvo Group, given the strategic role it plays in strengthening the relationship with customers through bundling equipment sales with service contracts, insurance and financing in many global markets.