Ather Energy partners with HDFC and IDFC First Banks for financing options

Ather Energy has partnered with HDFC Bank and IDFC First Bank to provide easy financing options. The company is currently selling the Ather 450 Plus and 450X electric scooters in the Indian market.

Ather Energy, one of India’s leading electric scooter brands, has partnered with HDFC Bank and IDFC First Bank to offer easy financing options to its customers. The company aims to provide a stress-free transition to electric vehicle ownership and ease of purchase for its potential buyers. These partnerships should enable Ather Energy customers to benefit from instant loans from HDFC and IDFC First banks at low interest rates and with maximum LTV (Loan-to-value).

Watch the video | Ather 450X road test review:

Ather Energy customers preferred a 95% LTV option while choosing a financing option, with 2-3 years being the preferred term to repay the loan, the company said in its official press release. This Bengaluru-based electric vehicle manufacturer currently has two electric scooters in its portfolio, namely Ather 450 Plus and Ather 450X. These electric scooters are priced at Rs 1.19 lakh and Rs 1.38 lakh ex-showroom Delhi (including FAME-II subsidies).

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Speaking on the partnerships, Ravneet Phokela, Chief Commercial Officer of Ather Energy, said: “The demand for electric vehicles has grown exponentially over the past year and consumers are increasingly looking to join the revolution. electric vehicles. At Ather Energy, we place great emphasis on understanding consumer needs and providing multiple financing options to facilitate the transition to electric vehicles. Finance penetration at Ather has grown significantly over the past couple of years. »

He added, “We are confident that our partnership with HDFC Bank and IDFC First will ensure ease of purchase for customers and build confidence for electric vehicle enthusiasts to join the electric revolution. We will continue to partner with leading banks, NBFCs and financial institutions to provide lucrative financing options to our consumers. Additionally, the company says IDFC First Bank has established itself as a bankable partner for Ather’s customers, as it accounts for approximately 75% of the company’s customer base.

Also Read: Okinawa Okhi 90 Electric Scooter Launched at Rs 1.21 Lakh: Check Specs, Range, Features

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