BYD India has signed an MoU with the ICICI Bank to offer financing solutions for its dealers and customers. The partnership has come just before the carmaker is gearing up to launch a new model - Atto3, a sport utility vehicle (SUV) in the country.
Under this partnership, ICICI Bank will provide a bouquet of financial products and solutions to BYD India’s dealers and retail customers, noted Hemant Nagpal, Product Head- Vehicle Loans & Dealer Funding, ICICI Bank.
He said, “We at ICICI Bank believe that electric vehicles will contribute significantly to creating a sustainable and environment-friendly mobility ecosystem. We are delighted to partner with BYD to provide comprehensive financial solutions to its dealers and retail customers.'
Notably, BYD has recently started its dealerships across markets in India. Sanjay Gopalakrishnan, Sr Vice President - Electric Passenger Vehicle Business - BYD India, feels that the partnership with ICICI will help the electric car maker build a strong ecosystem in the country.
'While we contribute to the country’s EV adoption, we also want to enhance our customers' purchase experience along with good finance options,' he added.