BYD India has signed a Memorandum of Understanding (MoU) with Bajaj Finance to provide comprehensive vehicle financing solutions to the carmaker’s dealers and customers across India.
A press release from OEM noted that through the collaboration, Bajaj Finance's financing solutions and extensive customer base across diverse regions will enhance BYD's presence in the Indian EV market. Moreover, the partnership will enable the finance company to diversify and strengthen its portfolio within the Indian EV financing market segment.
Sanjay Gopalakrishnan, Sr Vice President - Electric Passenger Vehicle Business - BYD India, noted that the company’s aim in partnering with Bajaj Finance is to offer customers and dealers access to diverse financing solutions.
“We understand the vital role they play in our business, and this new alliance allows us to provide unwavering support to our customer base as well as embarking on a promising journey towards a greener future in the Indian EV market,” he added.
Sidhaant Dadwal, President - SME and Auto, Bajaj Finance, noted that electric vehicles have seen a surge in popularity in recent years, and BYD has been a major player in this space.
Moreover, the auto financing market has begun to shift with customers expecting hassle-free access to credit, he said, continuing, “Our frictionless processes combined with our affordability solutions (Flexi loans) will enhance the buying experience for customers. Together with BYD India, we look forward to having a fruitful relationship.”
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