The partnership with a Non-Banking Financial Company (NBFC) is to provide easy financing options for the purchase of Hero Electric Scooter.
see photosHero Electric is India’s leading electric two-wheeler company
Hero Electric, India’s leading electric two-wheeler company, has announced a partnership with HDB Financial Services, a Non-Banking Financial Company (NBFC) to provide easy financing options for customers to buy electric scooters. According to a statement by Hero Electric, the collaboration will enable customers to avail hassle-free loan on their desired electric scooter with minimal documentation. The financing options through HDB Financial Services will be available to Hero Electric customers across the company’s network of over 700 dealerships. HDB will also provide eligible customers with benefits like attractive interest rates, flexible tenure options and affordable EMIs.
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Speaking on the partnership, Sohinder Gill, CEO, Hero Electric, said, “In future electric two-wheelers will become vehicles for the masses and easy financing is one of the essential cogs in the wheel. At Hero we have a basket of financiers. Offering a wide choice of ownership options to suit the needs of the needs of the world. Easy and seamless financing options beyond 1. Cities We are confident that this association will help our customers to significantly save on their travel costs without any upfront cost.
Hero Electric CEO Sohinder Gill said that the partnership will help customers save upfront purchase cost, as well as on costs incurred if they opt for an electric two-wheeler from Hero Electric.
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Karthik Srinivasan, Chief Business Officer, HDB Financial Services, said, “Customers these days are increasingly considering eco-friendly transportation as their next purchase. Through this collaboration, HDB across the country is joining the electric vehicle revolution. Will provide flexible and easy financing options for customers. We are confident that this partnership will play a vital role in building a more sustainable tomorrow.”
Read also: Hero Electric becomes the best selling EV brand in India
Hero Electric currently has a market share of over 36 per cent.
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Hero Electric is committed to transform and lead the electric mobility transformation in India with its diverse product offering under city speed and low speed scooters. It is working towards making the purchase easier and making electric scooters more affordable through its partnership with HDB. Hero Electric is one of the oldest and largest electric two-wheeler company in India with over 4,00,000 customers, 700+ dealerships and a wide product range. The company’s manufacturing facility is located in Ludhiana and Hero Electric has been delivering sustainable electric solutions for more than 14 years.
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