IndusInd Bank join hands with Kinetic Green to roll out attractive financing scheme for EVs

28 Oct 2022 , 09:19 AM

Kinetic Green Energy and Power Solutions Limited, India’s leading manufacturer of Electric Vehicles (EVs), have collaborated with IndusInd Bank to offer easy and affordable financing for their range of electric two-wheelers.

Through this partnership, Kinetic Green aims to penetrate in deep rural parts of the country by providing access to digitally enabled loans from IndusInd Bank across Kinetic Green dealerships across India.

Under these scheme, customers will get up to 100% LTV (loan to value), at attractive interest rates and flexible tenures. The program enables financing options for both salaried and self-employed customers and the scheme also provides the fastest turnaround time for an in-principal approval with its digital process that has minimal documentation.

Sulajja Firodia Motwani, Founder & CEO, Kinetic Green, said, “The company’s vision is to provide green mobility to the masses. In line with our vision, we are delighted to onboard IndusInd Bank as our trusted partner to bring affordable and easy financing options to our customers.

IndusInd Bank will be a strong asset to our electric vehicle ecosystem to deliver banking and payments the way customers want. I am confident that this partnership will provide a green mobility shift to our customers.”

At around 9:19 AM, IndusInd Bank Ltd is currently trading at Rs1,141.90 per share down by Rs0.35 or 0.03% from its previous closing of Rs1,142.25 per share on the BSE.

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