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Hero Electric partners with Shriram City Union for finance solutions

Hero Electric partners with Shriram City Union for finance solutions

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New Delhi : Electric vehicle company, Hero Electric has partnered with Shriram City Union Finance, a leading two-wheeler financer to facilitate loan schemes for the electric 2Wheeler buyers to make e-scooters more affordable and attract cost-conscious buyers with attractive financing solutions.

The partnership will enable customers to avail a fully digital and paperless loan procedure with on-the-go financing options available 24 hours across the country either using physical assistance or online financing options across all 750 plus Hero Electric touchpoints to provide a hassle-free experience.

Changing market scenario and increased preference for EVs is making manufacturers and finance companies realize the need for easy and preferred financing schemes to facilitate the green mobility shift. Alongside government subsidies in place, priority financing for EVs will create convenience for buyers, across levels. The association with Shriram Finance will promote easy accessibility and availability of innovative financial products to customers at the best rates and minimum documentation and strengthen Hero Electric’s goal to transform the mobility sector in India.

The company was the first in developing and launching the first lithium ion based electric scooters in India and the concept of charging stations for anywhere, everywhere charging. With over 450,000 electric two-wheelers in India, Hero Electric has played a crucial role in developing and promoting the EV market in the country.

Source : PTI

Anand Gupta Editor - EQ Int'l Media Network