Hero Electric Partners with Axis Bank to Boost Adoption of E-Mobility

Axis Bank to offer easy and hassle-free retail financing solutions to Hero Electric customers
  • Published On: 03/02/22
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Hero Electric

News Highlights

  • Axis bank to offer loan amounts & flexible tenures to both customers & dealers
  • The partnership will boost adoption of e-mobility in the country
  • The main focus of customers is shifting to electric mobility options

Hero Electric ties up with Axis Bank to offer easy and affordable finance solutions for its electric two-wheeler range. Under this partnership, Hero Electric customers can easily avail a host of value-added financial benefits with minimal documentation. It will further offer the customers an enhanced, hassle-free, and seamless buying experience. In addition, Axis Bank will offer customized loan amounts and flexible tenure for both customers and dealers.   


“Over the last few months, we have seen an uptick in the demand for EVs. At Hero, we are dedicated towards transforming mobility and elevating the EV two-wheeler ownership experience for our customers through our various endeavors. Further simplifying two-wheeler ownership, we are expanding personalized funding options, thus facilitating convenient purchase decisions. With the growing demand, we aim to take EVs to non-tier 1 cities and rural pockets to electrify Indian roads. This collaboration will drive forward our journey to strengthen green mobility across key markets,” as commented by Sohinder Gill, CEO, Hero Electric

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With time, the customer focus is shifting to electric mobility options. The aim behind this is to decarbonize the transport sector and make it more sustainable for the economy and environment. Hero Electric is moving ahead with its green ambitions via multiple banks and NBFC partnerships to make EV purchases affordable and deliver the best experience to its customers.

“We are delighted to partner with Hero Electric and offer best-in-class financial solutions to its customers and dealers. Our strong retail banking network across India will make the overall experience convenient and seamless for customers. This partnership reinforces our commitment towards supporting the Electric Vehicle industry in India. We believe that E-mobility will gain further prominence and play a significant role in sustaining ecological balance in India and globally,’’ as commented by Sumit Bali, Group Executive, Head - Retail Lending & Payments, Axis Bank. 

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