Sundaram Finance (SF) has tied up with Bharat Petroleum Corporation Ltd. (BPC) & Indian Oil Corporation Ltd. (IOC) for extending credit facility to the fleet customers, through co-branded fleet cards. The FLEET CARD credit program was launched on 01.oct.2004. Under this arrangement, BPC & IOC would be the issuers of SmartFleet & XTRAPOWER fleet cards. These fleet cards are based on smart card technology.

SF would extend credit facility on these cards, for the restricted use of purchasing auto fuel & lubes, at designated retail outlets of IOC & BPC. These retail outlets would be based mainly on the highways & major roads where diesel sales are high, apart from key city centric locations catering to corporates.