JSW MG Motor India has partnered with Eversource Capital-backed NBFC Ecofy to offer financing and leasing options for its electric vehicles.
The announcement comes days after it announced a partnership with Tata Capital to offer comprehensive financing solutions to its dealers.
The two firms have entered into a Memorandum of Understanding whereby Ecofy will offer financing and leasing solutions for as many as 10,000 JSW MG electric vehicles over the coming three years, according to the company statement released on Thursday.
The company added that this includes a variety of loan options and leasing agreements for both retail customers and B2B operators, applicable to the current and upcoming electric vehicles from JSW MG Motor India.
"This partnership reflects JSW MG India's commitment to offer innovative EV ownership solutions to augment the adoption of electric vehicles in India," JSW MG Motor India, Chief Growth Officer, Gaurav Gupta said.
By offering innovative financing solutions in collaboration with industry specialists, the company is making EV ownership more accessible and affordable to a broader audience, he added.
"By combining our expertise in finance and JSW MG's cutting-edge electric vehicle technology, we aim to make EVs accessible to a wider audience, empowering individuals and businesses to embrace a greener future without compromising on convenience or affordability," Ecofy Co-founder, MD & CEO Rajashree Nambiar said.
(With Inputs From PTI)
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