GT Force has forged a strategic partnership with ESAF Small Finance Bank to provide retail finance solutions, making it easier for customers to purchase GT Force's electric two-wheelers. ESAF Small Finance Bank, headquartered in Thrissur, Kerala, is renowned for its dedication to serving the underbanked through various banking services and small loans. This makes it an ideal partner for GT Force as it seeks to broaden its customer base.
Mukesh Taneja, Co-Founder and Managing Director of GT Force, stated 'Beyond incentives, robust financing options are crucial for facilitating the transition from conventional internal combustion engine vehicles to eco-friendly alternatives. Recognising that a significant portion of two-wheeler sales relies on financing options, our partnership with ESAF Small Finance Bank is a major step towards making our electric vehicles more accessible to a larger audience. Our dealers across various states will ensure a seamless end-to-end experience, from educating customers about financing options to providing exceptional after-sales service.'
This partnership aligns with our commitment to supporting sustainable and eco-friendly initiatives while promoting financial inclusivity among underbanked segments in the EV market.
To further enhance accessibility, GT Force plans to establish 100 dealership showrooms by the end of 2024. Each showroom will feature comprehensive infrastructure based on the 3S model, encompassing sales, service, and spare parts support.
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