- Eligible customers can avail up to 100 per cent on-road financing
- Financing available through select partners
- Ather electric scooters also available with a 60-month loan product
In a bid to further boost the sales of its electric vehicles, Ather Energy has announced that its eligible customers can avail up to 100 per cent on-road financing for their electric two-wheeler. The company said in its press statement that it has worked closely with some of India’s leading retail finance players, banks, and NBFCs to offer finance schemes to its customers.
Its partners include IDFC First Bank, HDFC Bank, ICICI Bank, Bajaj Finance Ltd, Axis Bank, Hero FinCorp, and Cholamandalam Finance. All these banks and NBFCs are offering up to 100 per cent on-road financing. The Bengaluru-based two-wheeler maker added that these partnerships enable Ather Energy to offer attractive loan products tailored to customer preferences, especially after the impact of the revised subsidies on electric vehicle prices.
Ather Energy has stated that the company has witnessed a remarkable jump in the number of customers opting for finance options, with a six times increase in overall finance penetration since 2019. It further added that the non-metros are also witnessing higher adoption rates owing to a good mix of loan partners available to them.
As reported earlier, Ather Energy was the first electric two-wheeler manufacturer to also introduce a 60-month loan product in partnership with IDFC First Bank, HDFC Bank, Hero FinCorp, Bajaj Finance Ltd, Axis Bank, and Cholamandalam Finance. This allowed the buyers to opt for a low EMI of Rs. 2,999.
In more updates, Ather Energy will soon update its portfolio with the launch of the budget-friendly 450S electric scooter on 3 August, 2023.
