BYD Partners With HDFC To Provide Finance To Dealers

Mobility Outlook Bureau
10 Aug 2022
03:55 PM
1 Min Read

The strategic tie-up will provide its dealers access to inventory finance for the electric cars; the partnership is also a step towards the bank’s vision of becoming carbon neutral by FY32.


BYD and HDFC

The e4W maker, BYD India, on Wednesday signed an MOU with the HDFC Bank to provide a stock financing solution to its pan India dealer network.

According to a press release from the EV maker, the strategic tie-up will provide its dealers access to inventory finance for electric cars.

Interestingly, the partnership is also a step towards the bank’s vision of becoming carbon neutral by FY32, the release added.

Vikas Pandey, Business Manager- Auto Loan, HDFC Bank, said, “We believe in creating an eco-system that brings OEMs, dealers and financiers together thus enabling customers to purchase their Electric Vehicle.”

Sanjay Gopalakrishnan, Sr Vice President - Electric Passenger Vehicle Business, BYD India, said, “The strategic tie up with India’s largest private bank gives our dealers the access to Inventory Funding & Cash credit which will also help them manage other expenses.”

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