In a significant move to make electric vehicles (EVs) more accessible, Warivo Motor India Pvt. Ltd., a leading name in India’s electric mobility sector, has announced a strategic partnership with HDB Financial Services. This collaboration aims to provide convenient and affordable financing solutions for Warivo’s range of electric two-wheelers, catering to both low-speed and high-speed models.
Under the partnership, HDB Financial Services will offer flexible EMI plans through its extensive network of over 1,700 branches across India. These financing options are designed to make it easier for customers to purchase EVs by spreading the cost over a manageable period, ensuring a seamless transition to sustainable transportation solutions.
Speaking about the initiative, Mr. Yuvraj Garg, Director of Warivo Motor, said, “Our partnership with HDB Financial Services is another step toward making electric mobility accessible to all. By providing flexible, customer-focused financing solutions, we are empowering individuals to transition to EVs with ease and actively supporting India’s clean energy goals for a greener, more sustainable future.”
HDB Financial Services, known for its customer-centric approach, will offer tailored financial solutions to a diverse range of buyers, from daily commuters to performance-driven EV enthusiasts. Highlighting the significance of this collaboration, Mr. Rakesh Kumar, National Head – Two Wheeler and Auto Loans at HDB Financial Services, stated, “At HDB Finance, we are committed to providing more accessible and affordable financial solutions to aspirational customers in the emerging India. This initiative aligns with our focus on driving financial inclusion and offering tailored services that meet the evolving needs of our customers.”
This partnership marks a crucial step in accelerating the adoption of electric mobility in India, addressing financial barriers, and contributing to the country’s larger clean energy objectives. By combining Warivo Motor’s innovative EV lineup with HDB Financial Services’ robust financing solutions, the alliance is set to make sustainable transportation a reality for many more Indians.
