Hero Electric, an electric two-wheeler company, has joined forces with IDFC First Bank to offer convenient and cost-effective financing options to its customers. This collaboration aims to improve the accessibility and affordability of electric vehicles, accelerating the adoption of clean and sustainable transportation solutions in India.
Through this partnership, customers will benefit from flexible loan repayment terms, allowing them to enjoy the advantages of eco-friendly and affordable mobility solutions over an extended period. Hero Electric has also partnered with other financial institutions, enabling customers to purchase any model from their Optima range or NYX with a minimal down payment of INR 8190.
Sohinder Gill, CEO of Hero Electric, expressed the importance of easing the financial burden on EV buyers and their commitment to making electric mobility accessible and affordable. By combining their high-quality electric scooters with the financial expertise of IDFC FIRST Bank and other banking partners, they aim to encourage more people to embrace sustainable transportation for a cleaner environment.