Market Overview

Synchrony Named Preferred Provider of Consumer Financing for Mahindra Powersports Vehicles and Accessories


Synchrony (NYSE:SYF) today announced a multi-year agreement to provide
consumer financing for Mahindra's
powersports division in the U.S.

This press release features multimedia. View the full release here:

(Photo: Business Wire)

(Photo: Business Wire)

As the preferred financing partner for Mahindra Vehicle Sales and
Service, Synchrony will provide the company's fast-growing U.S. dealer
network with promotional financing options for new and used powersports
vehicles and accessories, including the brand new ROXOR
side-by-side off-road vehicle. Dealers will have access to a variety of
Synchrony's financial tools, including our Installment
Loan Estimator
which can help consumers with financing decisions.

"We look forward to working with Mahindra and their dealers to drive
sales of the company's new powersports vehicles, such as the ROXOR,"
said Neeraj Mehta, CEO, Synchrony Payment Solutions. "With more than 25
years of experience in financing for the powersports industry we know
how to help Mahindra grow and expand its emerging brand in the U.S. By
providing consumers with fast and convenient access to financing, we'll
help dealers close sales and help consumers pursue their powersports

"As we enter the U.S. market, Synchrony will play an important role in
helping to grow sales of Mahindra's powersports vehicles and
accessories," said Luc de Gaspe Beaubien, Vice President of Sales and
Service, Mahindra Vehicle Sales and Service. "Our dealers will
benefit from being able to offer powersports and outdoor enthusiasts
financing options for Mahindra's new disruptive products."

About Synchrony

Synchrony (NYSE:SYF) is a premier consumer financial services company
delivering customized financing programs across key industries including
retail, health, auto, travel and home, along with award-winning consumer
banking products. With more than $130 billion in sales financed and 74.5
million active accounts, Synchrony brings deep industry expertise,
actionable data insights, innovative solutions and differentiated
digital experiences to improve the success of every business we serve
and the quality of each life we touch. More information can be found at
and through Twitter: @Synchrony.

About Mahindra

Mahindra Vehicle Service & Sales is a subsidiary The Mahindra Group. The
Mahindra Group is a $19B federation of companies that enables people to
rise through innovative mobility solutions, driving rural prosperity,
enhancing urban living, nurturing new businesses and fostering
communities. It enjoys a leadership position in utility vehicles,
information technology, financial services and vacation ownership in
India and is the world's largest tractor company, by volume. It also
enjoys a strong presence in agribusiness, components, commercial
vehicles, consulting services, energy, industrial equipment, logistics,
real estate, steel, aerospace, defense and two wheelers. Headquartered
in India, Mahindra employs more than 240,000 people across 100 countries.

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