SML Mahindra, one of India’s leading commercial vehicle manufacturers, has signed an MoU with UCO Bank, a leading public sector bank, to offer customised and affordable retail financing solutions to customers across the country. Milan Dubey, Deputy General Manager & Zonal Head, UCO Bank, and Prashant Kumar, Chief General Manager – Marketing, SML Mahindra (second […]
Raptee.HV, the Chennai-based electric motorcycle manufacturer known for pioneering high-voltage technology in two-wheelers, has partnered with IDFC FIRST Bank in a push to make electric motorcycle ownership more accessible across India. The collaboration is aimed at addressing financing — widely seen as the biggest remaining barrier to electric motorcycle adoption — by offering customers attractive […]
ev.fin, the electric vehicle financing subsidiary of Greaves Cotton Limited, has announced the partial deployment of previously sanctioned institutional debt of INR 223 crore for onward lending during the April–March 2026 period. The rapid deployment of funds has enabled the company to scale its operations to over 74 cities in India, with a target of […]
Piaggio Vehicles Pvt Ltd has signed a memorandum of understanding with State Bank of India’s Lucknow circle to offer interest-free financing for three-wheelers to young entrepreneurs in Uttar Pradesh under the State government’s CM Yuva Yojna scheme. The partnership will be supported by SBI’s network of over 1,600 branches across central and eastern Uttar Pradesh […]
Adoption patterns across EV segments are increasingly being shaped by a single underlying factor: the strength of unit economics and how closely the asset is linked to daily income generation. Not very long ago, electric vehicles (EVs) were often seen as expensive alternatives, attracting only early adopters and technology enthusiasts. Today, that picture is changing […]
Volvo Financial Services (VFS) and Eicher Motors Limited have announced their intent to form a 50:50 joint venture to provide financing, leasing and other financial services for customers of Volvo and Eicher-branded commercial vehicles in the Indian market. Pending regulatory approval, the JV will be created through VFS India issuing new shares to Eicher in […]
Where financing meets data-driven fleet efficiency The transition to electric mobility in India’s heavy commercial vehicle space has long been discussed, but rarely executed at scale. Drivn has begun to change that narrative by addressing one of the most critical gaps in the ecosystem; access to capital for large electric assets like buses and heavy-duty […]
TVS Motor Company Chairman Mr. Sudarshan Venu has agreed to acquire a minority stake in Jana Small Finance Bank Limited through a combination of primary issuance of warrants and secondary share purchases. The transaction will result in an equity ownership of up to 9.9% on a fully diluted basis, including 4.9% to be held by TVS Motor […]
Designed around the Scania Way and Swedish open work culture, the office features collaborative spaces and a functional layout, focusing on sustainability through energy-efficient systems and responsible materials. India, a place where ambition and hope are alive even in an uncertain world, is no longer just a market of potential but “one that is truly […]
Hinduja Leyland Finance Ltd. (HLF) has entered into a strategic partnership with Honda Motorcycle & Scooter India (HMSI) to expand access to affordable two-wheeler financing across the country. The collaboration aims to simplify vehicle ownership by offering customised, transparent and flexible loan solutions across Honda’s range of motorcycles and scooters. The partnership marks a key […]
India’s mobility and logistics sector witnessed relatively stable trucking activity in February, with truck rentals across major trunk routes remaining largely rangebound month-on-month, according to the latest industry data. Despite the stable month-on-month trend, several key routes recorded notable year-on-year growth. The Delhi–Mumbai–Delhi corridor led the growth with an 8% increase in truck rentals, followed […]
As electric mobility gathers pace in India, the ecosystem supporting EV adoption is expanding beyond vehicle technology and charging infrastructure to include innovative financing solutions. In line with this shift, Axis Bank has announced that it will become a preferred financer for Tesla, offering customised financing options designed specifically for customers purchasing Tesla vehicles in […]
Nissan Motor India Pvt. Ltd. (NMIPL) today announced an aggressive new retail finance programme through Nissan Renault Financial Services India (NRFSI), unveiling one of the industry’s lowest interest rates—starting at just 5.55%—for all CIBIL-rated customers. The scheme, which also offers up to 100% on-road funding, is designed to make the popular Nissan Magnite even more […]
Ecofy plans to deploy INR 100 crore towards financing Ather electric two-wheelers, supporting wider EV adoption Ecofy, a pioneering green-only NBFC backed by Eversource Capital, has announced a strategic partnership with Ather Energy, one of India’s leading electric vehicle manufacturers to serve as a preferred financing partner across Ather’s electric two-wheeler ecosystem. Bringing together two […]
Ashok Leyland has signed a Memorandum of Understanding (MoU), with Rajasthan Gramin Bank, the largest bank in the state by number of branches, to enter into a strategic vehicle financing partnership for its customers. This MoU will enable both Ashok Leyland and Rajasthan Gramin Bank to offer customized financial solutions to the customers. Mr. Viplav […]