Saera Electric Partners With Shriram Transport Finance For EV Financing

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Saera Electric has partnered with Shriram Transport Finance to provide easy financing options for customers who are looking to purchase an electric vehicle.

Mayuri is the brand that has become synonymous with Saera Electric Auto. Mayuri is well-known for its electric rickshaws and electric carts. The company also produces YOGO (the renowned 2W brand).

Saera Electric Auto announced that its latest partnership with Shriram Transport Finance enabled it to make another step towards its goal of accelerating the penetration and adoption of clean mobility on Indian roads.

Nitin Kapoor, Managing Director at Saera Electric Auto stated that Shriram Transport Finance has a long history in the financial sector and offers a wide variety of financing options in over 900 locations across India.

A spokesperson for Shriram Transport Finance Company stated, “We are optimistic that together, we will make significant contributions towards reducing our country’s carbon footprint.”

Saera currently has three plants in the country. The first plant is located in Bhiwadi, Rajasthan, and has a production capacity of around 24000 units. Bawal (Haryana), with a production capacity to produce 2 lakh units of electric 2-wheelers and 36,000 three-wheelers per year, is the second plant. A Third plant has been established in Kosi, Uttar Pradesh, with a production capacity to produce 24000 units annually.

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