Kinetic Green partners with Tata Capital to offer instant loans on electric two-wheelers – Punekar News
Mumbai, 21st September 2022: Kinetic Green Energy and Power Solutions Limited, India’s leading electric vehicle (EV) manufacturer, has partnered with Tata Capital, the flagship financial services arm of the Tata Group. Through this partnership, customers wishing to purchase Kinetic Green’s electric two-wheelers will have access to digital loans at Kinetic Green dealerships across India.
Loan disbursement is transparent as the loan decision can be given in 15 fixed minutes. Thanks to this collaboration, customers will benefit from an attractive interest rate, a loan of up to 85% of the value of the two-wheeler, a repayment period of up to 36 months and a low EMI program based on customer eligibility.
Commenting on the partnership, Sulajja Firodia Motwani, Founder and CEO of Kinetic Green, said, “We are delighted to partner with Tata Capital to facilitate electric vehicle financing. With attractive financing options provided by Tata Capital, the partnership will further promote the shift to green mobility, leading to a seamless ownership experience. I am convinced that this association will help to penetrate untapped markets and allow easy access to financing at the best rates with a minimum of documentation.
Commenting on the partnership, Sarosh Amaria, Managing Director of Tata Capital Financial Services Limited, said: “The shift to electric mobility is becoming an inevitable reality. First-time buyers of electric vehicles (two/four-wheelers) also enjoy lucrative tax benefits. With our simple and affordable financing solutions, we want to make EV adoption easier for Kinetic Green two-wheeler buyers. We look forward to a mutually beneficial partnership with Kinetic Green.
Tata Capital’s ability to meet diverse financial needs along with Kinetic Green’s innovative and cutting-edge manufacturing helps to continue its pioneering work to electrify India’s mobility industry.