Altigreen has partnered with Indian Bank to provide its clients with specialised retail financing options to ease the EV purchasing process.
Indian Bank will now make its range of financial products available to the company's customers pan India due to the strategic alliance.
Shalendra Gupta, Co-Founder and CFO, Altigreen, said, “This collaboration with Indian Bank allows more customers to benefit from low-cost financing options for purchasing Altigreen’s vehicles. The wide branch network of the bank will enhance access to these loans not just in large cities but also in Tier-2 and Tier-3 markets.'
Also Read: Altigreen To Launch Passenger E3W In May, Plans For Bigger Cargo EV
Sudhir Kumar Gupta, Field General Manager, Indian Bank, added, “The electric vehicle is a potential income earning opportunity, especially beyond the Tier-2 cities of the country. We recognise that very few financial institutions are offering such financing options in this segment. Our partnership with Altigreen will go a long way in addressing the financial needs of such customers and enable them to join the mission of a cleaner and a greener India.”