In a bid to boost electric vehicle adoption, Montra Electric, an EV brand of Murugappa Group, has announced a strategic partnership with Bike Bazaar for vehicle financing. This collaboration is set to make electric three-wheelers more accessible through attractive financing options, including lower interest rates and extended loan terms.
The vehicle maker aims to simplify the customer journey in acquiring its flagship model, the Montra Electric Super Auto, by leveraging Bike Bazaar’s comprehensive financial solutions.
Roy Kurian, Business Head of the Montra Electric 3W Division, said, with the support of Bike Bazaar, the dealers can offer custom financing solutions, facilitating an easier transition to sustainable transportation for its customers. The initiative is part of the company's broader commitment to promoting environmentally friendly mobility solutions.
Karunakaran V, Co-Founder and Joint Managing Director of Bike Bazaar, stated that the partnership aligns with Bike Bazaar's goals to positively impact the environmental, social, and governance (ESG) sectors and is confident that it will set new standards in the three-wheeler market.
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