New Delhi: Electric vehicles (EVs) are rapidly gaining popularity in India, with the government offering incentives for their adoption. However, financing the purchase of an EV can be a daunting task for consumers. This is where non-banking financial companies (NBFCs) come in, providing specialized financing options for EVs. In this article, we will discuss the top 5 NBFCs in India that are helping to transform the country’s EV financing landscape.
- AMU Leasing Pvt Ltd
AMU Leasing Pvt Ltd is a leading NBFC that provides financing solutions for electric vehicles. The company offers attractive interest rates and flexible repayment options to help customers finance their EV purchases. In addition, AMU Leasing provides end-to-end services, including insurance, registration, and maintenance of vehicles.
AMU Leasing has a user-friendly website where customers can easily calculate their loan eligibility and EMI payments. The company also provides doorstep service, making it easy for customers to avail of their financing solutions. Additionally, AMU Leasing has a wide network of dealerships and service centers, making it convenient for customers to purchase and maintain their EVs.
- Shriram Transport Finance Company
Shriram Transport Finance Company is a well-known NBFC that specializes in commercial vehicle financing. The company has recently expanded its offerings to include financing options for electric vehicles. Shriram Transport Finance Company provides loans for both two-wheelers and four-wheelers and also offers customized financing solutions for fleet operators.
Shriram Transport Finance Company has a strong presence in the commercial vehicle financing segment and has leveraged this experience to enter the EV financing market. The company offers competitive interest rates and flexible repayment terms to make EV financing accessible to a wider range of customers. Additionally, Shriram Transport Finance Company has a vast network of branches and dealerships, making it easy for customers to access their services.
- Tata Capital
Tata Capital is a leading NBFC that offers a wide range of financial products and services. The company has a dedicated EV financing division that provides loans for the purchase of electric vehicles. Tata Capital’s EV financing options include loans for both individuals and businesses, with competitive interest rates and flexible repayment terms.
Tata Capital has a user-friendly website that allows customers to easily calculate their loan eligibility and EMI payments. The company also provides doorstep service, making it convenient for customers to avail of their financing solutions. Additionally, Tata Capital has a wide network of dealerships and service centers, making it easy for customers to purchase and maintain their EVs.
- Mahindra Finance
Mahindra Finance is a subsidiary of Mahindra Group, a leading conglomerate in India. The company provides financing solutions for a range of products, including electric vehicles. Mahindra Finance offers both retail and corporate financing options for EVs, with competitive interest rates and a simple application process.
Mahindra Finance has a strong presence in the automotive sector and has leveraged this experience to enter the EV financing market. The company offers attractive interest rates and flexible repayment options to make EV financing accessible to a wider range of customers. Additionally, Mahindra Finance has a wide network of dealerships and service centers, making it easy for customers to purchase and maintain their EVs.
- Hero FinCorp
Hero FinCorp is a leading NBFC that provides financing solutions for a range of products, including electric vehicles. The company offers customized financing options for individuals and businesses, with flexible repayment terms and competitive interest rates. Hero FinCorp also provides end-to-end services, including insurance and maintenance of the vehicles.
Hero FinCorp has a strong presence in the two-wheeler financing segment and has leveraged this experience to enter the EV financing market. The company offers a range of financing options, including loans, and leases.