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 icon4755 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
Suzuki Motor Gujarat plant rolls out three-millionth car

auther Autocar Pro News Desk calendar06 Dec 2023

The three-plant facility which has a 750,000-units-per-annum capacity clocks new production milestone 6 years and 11 mon...

Exclusive: Petr Janeba to succeed Petr Solc as Skoda India's new brand director 

auther Autocar Pro News Desk calendar05 Dec 2023

Janeba will have a tough task of building volumes with a mass-market small SUV still about 15 months away but he is like...

JCB debuts hydrogen technology in India with eco-friendly backhoe loader

auther Autocar Pro News Desk calendar05 Dec 2023

Transport minister Nitin Gadkari unveils prototype JCB backhoe loader powered by a purpose-engineered hydrogen combustio...