Hero Electric Partners With HDB Financial Services For Easy Financing Options
The partnership with the Non-Banking Financial Company (NBFC) is to provide easy financing options for the purchase of Hero Electric scooters.
Hero Electric is the Indian leader in electric two-wheelers
Hero Electric, India’s leading electric two-wheeler company, has announced a partnership with HDB Financial Services, a non-bank finance company (NBFC) to provide customers with easy financing options to purchase an electric scooter. According to a statement from Hero Electric, the collaboration will allow customers to enjoy hassle-free loans with minimal documentation on the electric scooter of their choice. Financing options through HDB Financial Services will be available to Hero Electric customers through the Company’s network of more than 700 dealers. HDB will also offer eligible customers benefits such as attractive interest rates, flexible occupancy options and affordable IMEs.
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Speaking on the partnership, Sohinder Gill, CEO of Hero Electric, said, “Electric two-wheelers will become the vehicles of the masses in the future and easy financing is one of the essential cogs of the wheel. At Hero, we have a basket of financiers. offering a wide choice of property options to meet its needs. We also offer tailor-made financing options for B2B customers to ease the burden of upfront investments while embracing cleaner mobility solutions from Hero. Our partnership with HDB Financial Services is a step forward in providing simple and transparent financing options beyond Tier 1 cities. We are confident that this collaboration will help our clients save significantly on their travel costs without having to shell out. in advance.
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Karthik Srinivasan, Commercial Director of HDB Financial Services, said: “Today, customers increasingly view environmentally friendly transportation as their next purchase. Through this collaboration, HDB will provide flexible and easy financing options for customers across the country to join the electric vehicle revolution. . We believe this partnership will play an important role in creating a more sustainable future. “
Also read: Hero Electric Becomes India’s Best-Selling Electric Vehicle Brand
Hero Electric is committed to transforming and leading the change in electric mobility in India with its diverse product offering under urban and low speed scooters. It works to make shopping easier and make electric scooters more affordable through its partnership with HDB. Hero Electric is one of India’s oldest and largest electric two-wheeler companies, with over 4,000,000 customers, over 700 dealers and a wide range of products. The company’s manufacturing plant is located in Ludhiana, and Hero Electric has been providing sustainable electrical solutions for over 14 years.
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