Kinetic partners with Chola to finance EVs

The partnership will leverage Chola’s country-wide branches.

Autocar Pro News Desk By Autocar Pro News Desk calendar 04 Jul 2022 Views icon5573 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Kinetic  partners with Chola to finance EVs

Electric vehicle manufacturer Kinetic Green Energy has announced a partnership with Chennai-based Murugappa Group's financial services arm Cholamandalam Investment and Finance Company for  providing  financing solutions to its EV customers. 

The company officials said the collaboration is aimed at making Kinetic Green's battery-operated vehicles more affordable for the discerning and price-conscious buyers with attractive financing solutions as well as catering to newer markets with Chola's pan-India presence. "This partnership will enable Kinetic Green and its dealers to offer financing that fit their needs and repayment abilities" it added.

Sulajja Firodia Motwani, Founder and CEO, Kinetic Green said, “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.”

Ravindra Kundu, Executive Director, Cholamandalam Investment and Finance Company said, “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’. 

Also read
Kinetic Green partners IGL  to set up battery swapping stations
 

RELATED ARTICLES
Citroen begins rolling out Basalt from Tamil Nadu plant ahead of launch

auther Autocar Pro News Desk calendar17 Jun 2024

Made-in-India Citroen Basalt SUV-coupe, which will be powered by a 110hp 1.2-litre turbo-petrol engine, will also be exp...

Hyundai recalls 1,744 Ioniq 5 EVs to inspect integrated charging control unit

auther Autocar Pro News Desk calendar15 Jun 2024

Hyundai Motor India has cited a “potential issue in the integrated charging control unit (ICCU), which may discharge the...

Tata Motors looks to tap growing trend for personalisation in cars and SUVs

auther Autocar Pro News Desk calendar15 Jun 2024

The car and SUV maker expects the trend of mass customisation to transition into each car being a unique product, enable...