Buying e-scooter will be easier now, these banks will give loans at low interest, see details


new Delhi. Ather Energy, one of the largest electric two-wheeler manufacturers in India has joined hands with HDFC Bank IDFC First to provide easy loans to customers. The company aims to make EV buying easy and stress-free for its buyers. Under this partnership, customers of Ather Energy will be able to get instant loans from HDFC and IDFC First banks at low interest rates and with maximum LTV (Loan-to-Value).

The company said in its official statement that Ather Energy customers have preferred 95% LTV option while choosing the financing option, with 2-3 years being the most preferred repayment tenure for the logon. The Bengaluru-based EV maker currently has two electric scooters in its portfolio, namely Ather 450 Plus and Ather 450X. These electric scooters are priced at Rs 1.19 lakh and Rs 1.38 lakh, ex-showroom Delhi (including FAME-II subsidy).

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Speaking on the deal, Ravneet Phokela, Chief Business Officer, Ather Energy said, “The demand for electric vehicles has grown exponentially over the past year and consumers are increasingly looking to join the EV revolution. We are offering various finance schemes to understand the needs of the consumers and make EV purchase easy. ,

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Fokela further added, “We are confident that our partnership with HDFC and IDFC First Bank will ensure ease of purchase for customers and boost the confidence of EV enthusiasts to join the electric revolution. In addition, the company says that IDFC First Bank has established itself as a bankable partner for Ather’s customers, as it accounts for nearly 75 per cent of the company’s customer base.

Tags: auto news, Autofocus, Bike news, Electric Scooter, hdfc bank, IDFC first bank


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