News & press releases

Arval, the BNP Paribas company specialised in the Operational Leasing of multibrand corporate vehicles, has just opened an entity in India, based in Mumbai. This new installation is part of the BNP Paribas group’s strategy for development in countries demonstrating strong development potential.

With 1.1 billion inhabitants, economic growth of 8.6% per year for the past four years and one of the most extensive road networks in the world (3.3 million km), India offers considerable potential for all activities related to the automotive sector. The Operational Leasing market of India today represents a fleet of about 50,000 vehicles for a global fleet of approximately 8 million light vehicles. Given the interest demonstrated by both the private and public sectors, Arval expects rapid development in this market.

The presence of BNP Paribas in this country will enable Arval to become active in the whole of the territory and to quickly take on a rank with respect to the other players, particularly international ones. The opening of this subsidiary will also allow Arval to assist international customers located in India by ensuring a continued and consistent leasing policy in line with their corporate vehicles.

Liam Donnelly, previously Commercial Director for Arval UK, has been entrusted with the General Management of this new structure.

BNP Paribas has been present in India since 1860 and is one of the leading foreign banks in this country. The Bank’s main activities are in Corporate and Investment Banking (Energy Commodities Export and Project, Fixed Income, Structured Finance, Corporate Finance) as well as in Private banking. BNP Paribas has also 3 joint ventures: in Asset Management with Sundaram group, in Life Insurance with SBI and in Personal InvestmentServices with Geojit Financial Services. Two projects of partnerships are also in progress between BNP Paribas
Lease Group (Equipment Solutions) and SREI Infrastructure Finances on one hand, and between UCB (Personal Finance) and Sundaram Home Finance Limited on the other hand.