Montra Electric Partners With Bansal Credits for Vehicle Portfolio Financing

Montra Electric has signed a Memorandum of Understanding (MoU) with non-banking financial company Bansal Credits Limited to extend vehicle financing options across its complete product line.

Under the agreement, Bansal Credits will provide credit solutions for Montra Electric's full range of vehicles, including electric three-wheelers, electric small commercial vehicles, electric medium and heavy commercial vehicles, and electric tractors. The financing services will be integrated directly into Montra Electric's existing dealership network.

The collaboration focuses on regional markets across Northern India where Bansal Credits operates, specifically targeting Delhi NCR, Uttar Pradesh, and Punjab. The initiative aims to accelerate credit processing and offer structured loan options for commercial operators and buyers adopting electric vehicles.