BYD India, a subsidiary of New Energy Vehicle manufacturer BYD, has signed a Memorandum of Understanding (MOU) with Bajaj Finance, the lending arm of Bajaj Finserv to offer finance solutions to BYD dealers and customers across India.
The MoU was signed between Sanjay Gopalakrishnan, Senior Vice President - Electric Passenger Vehicle Business - BYD India and Sidhaant Dadwal, President SME and Auto, Bajaj Finance, among other officials.
Sanjay Gopalakrishnan, Senior Vice President - Electric Passenger Vehicle Business - BYD India, said, “Our partnership with Bajaj Finance marks another significant step for BYD India, building upon our recent collaborations with prominent banks in the country. Our aim in partnering with Bajaj Finance is to offer our customers and dealers access to a diverse range of financing solutions.”
Sidhaant Dadwal, President SME and Auto, Bajaj Finance, added, “Electric vehicles have seen a surge in popularity in recent years and BYD has been a major player in this space. Auto Financing market has begun to shift with customers expecting hassle-free access to credit.”