Lectrix EV, the electric mobility arm of SAR Group, has announced tie-ups with several finance companies, including IDFC Bank, RevFin Securities, Shriram Finance, Eduvanz, and Loan Tap, to facilitate customers buy its Lectrix LXS scooters for a monthly instalment of as low as INR 1,999.
These finance tie-ups are aimed at making EV purchases easier for consumers, especially in Tier-2 and Tier-3 cities, a press release from the company noted. The easy finance schemes announced by the vehicle maker will allow customers to secure a loan of up to 85% of the vehicle's value at a low interest rate.
Willy Chengappa, VP-Sales & Marketing, Lectrix EV, said that securing a loan for a new vehicle purchase is often a challenge, especially in Tier-2 and Tier-3 cities. Through easy finance schemes, the company aims to make things convenient for customers.
The electric scooter, with a price tag of INR 74,999/- (Ex-showroom, Delhi) after FAME and State subsidies, has a 2 kWh advanced lithium-ion battery pack that offers a top speed of 55 km/h and a range of 89 km per charge (in Indian driving conditions).
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