IndusInd Bank, Kinetic Green roll out attractive financing scheme for EVs

27 Oct 2022 , 11:34 AM

Kinetic Green Energy and Power Solutions Limited, India's premier producer of Electric Vehicles (EVs), has teamed up with IndusInd Bank to provide easy and reasonable financing for its electric two-wheeler lineup. Kinetic Green seeks to touch deep rural areas of the country with this cooperation by giving access to digitally enabled loans from IndusInd Bank through Kinetic Green dealerships across India.

Customers may acquire up to 100% LTV (loan to value) at low-interest rates and flexible terms under this special arrangement. With its digital approach and little documentation, the programme provides financing choices for both salaried and self-employed consumers. It also gives the quickest response time for in-principle approval.

“IndusInd Bank will be a valuable asset to our electric car ecosystem in terms of providing banking and payments in the manner that clients choose. I am certain that our collaboration will result in a green mobility revolution for our consumers,” stated Sulajja Firodia Motwani, Founder & CEO, of Kinetic Green.

Kinetic Green is the first firm in India to produce an ARAI-approved electric three-wheeler and the first to provide Lithium-ion battery technology on their e-3w. Kinetic Green's objective is to give green transportation to the public.

At around 11.33 AM, IndusInd Bank was trading at Rs1,142.20 apiece, up by 0.48% from its previous closing of Rs1,136.80 on the BSE. The scrip opened at Rs1,141.10 and touched intraday high and low of Rs1,153 and Rs1,141.10 respectively.

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