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Kinetic Green ties-up up with Cholamandalam for EV financing

Modified On Jul 06, 2022 01:26 PMBy Trucksdekho Editorial Team

The partnership eyes easy and hassle-free finance options to enable a faster, easier electric vehicle buying experience for customers.

If you’re in the market looking for an electric vehicle from Kinetic Green, then you would likely get good finance options to purchase your first or maybe second electric two/three-wheeler. To help its customers with an easier and hassle-free buying experience of its vehicle at affordable prices and EMIs, Kinetic Green Energy has partnered with top financier Cholamandalam Investment and Finance Company to offer tailor-made and easy finance schemes. By signing an MoU, Kinetic Green has nominated Chola as an ‘Accredited Financier’ for financing its customers.

The sale of electric three-wheelers has been growing rapidly, even overtaking the conventional vehicles segment. Customers are increasingly deploying EVs to their last-mile people mobility and logistics business, as soaring fuel prices adversely impacted their ability to earn a good income. Full electric battery-operated three-wheelers offer the advantage of being lower on operational cost, easy to drive and capable of carrying sizable cargo with zero pollution. This has fueled the demand for electric vehicles for the passenger and cargo carrier segment across Indian micro markets.

RelatedIndia’s e-rickshaw market is booming

Kinetic has emerged as one of the key domestic brands in the electric three-wheeler segment offering multiple vehicles both in the cargo and passenger segments. The top models include passenger vehicle Safar SmartSafar Smart and cargo vehicle Safar Shakti which are highly modern and contemporary offering a solid alternative to the diesel/CNG three-wheeler.

According to Sulajja Firodia Motwani, Founder and CEO, of Kinetic Green, “With attractive finance options provided by Chola-Kinetic partnership, Kinetic Green’s customers can be assured of competitive financing solutions for their finance needs. This will further propel the growth of Kinetic Green’s electric two and three wheelers and help us achieve our vision of bringing green mobility to the masses in India.”

“This relationship will help us in taking a step closer to fulfilling our ESG goals. Building quality relationships has always been a cornerstone of Chola’s philosophy. With our strong network of 1145 plus branches across India, we aim to offer the customers a never-before experience through customised finance packages that would come with speedy, convenient and transparent processes. This partnership is also in line with our continuous endeavour in enabling our customers to ‘Enter a Better Life’”, said, Ravindra Kundu, Executive Director, Cholamandalam Investment and Finance Company said.

Looking for an electric three-wheeler in the passenger/cargo segment? At TrucksDekho, you’ll find all the top-selling EVs. Check on-road prices, calculate EMIs, compare, explore specifications and locate your favorite brand's dealership/showroom in your city or town.

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