Utilize the input text as a context reference, choose the right relationship between Volvo and Volvo trucks from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

ETAuto | 12 October 2015, 2:49 PM IST Share NEW DELHI: Volvo Financial Services, the captive financing arm of Volvo Group, has started its new innings in India by launching its standalone operations in India.Volvo Financial Services has been present in India in association with SREI PNB Paribas since 2011 but has now re launched the services alone.Volvo Financial services will offer financial solutions to customers to buy its products that include Volvo construction equipment, Volvo trucks and buses, and Volvo Eicher Commercial Vehicle.Volvo Financial Services is a global enterprise, and being part of the group, we have a strong understanding of the use of the products made by Volvo Group and Volvo Eicher Commercial Vehicles," said Scott Rafkin, EVP and Global President Volvo Financial Services.

Answer: subsidiary