BYD Partners With ICICI Bank To Offer Financial Services
The tie-up with ICICI will benefit BYD India dealers and its customers
- BYD has signed an MOU with ICICI Bank to offer financial services.
- Currently BYD markets its single product, the e6 MPV in India.
- The Chinese maker will launch its Atto 3 EV SUV here this month.
BYD, a Chinese electric vehicle manufacturer, has partnered with ICICI Bank to offer ease of financing solutions to its dealers and customers in India.
The alliance will help BYD grow its market share in India and establish a strong footprint in the EV industry. Also, the collaboration is aimed at promoting greener mobility and EV accessibility in India.
Currently BYD markets its single product, the e6 MPV in India. The EV was launched in 2021 for fleet customers, and in 2022, it was introduced for private buyers.
The MPV houses a 71.7kWh battery and offers a WLTP-claimed range of 512km in the city and 415km for the combined cycle. The e6 MPV’s price starts at 29.15 lakh (ex-showroom pan-India). The Chinese manufacturer will launch the Atto 3 EV in India very soon.
Here’s the press release from carmaker:
BYD India partners with ICICI Bank to offer financing solutions
Dealers and customers can avail tailor made financing solutions from ICICI Bank
Chennai, India – BYD India Private Limited, a subsidiary of the world’s leading New Energy Vehicle manufacturer BYD, signed an MOU with the ICICI Bank to offer financing solutions for its dealers and customers. This move underlines BYD India’s commitment towards providing an improved customer experience. Under this partnership, ICICI Bank will provide a bouquet of financial products and solutions to BYD India’s dealers and retail customers.
Commenting on the tie-up, Mr. Hemant Nagpal, Product Head- Vehicle Loans & Dealer Funding, ICICI Bank, said, “We at ICICI Bank believe that electric vehicles will contribute significantly to create sustainable and environment-friendly mobility ecosystem. We are delighted to partner with BYD to provide comprehensive financial solutions to its dealers and retail customers. Our partnership is a step towards enabling a greener India.”
Mr. Sanjay Gopalakrishnan, Sr Vice President - Electric Passenger Vehicle Business - BYD India, said, “With the tie-up with ICICI Bank, we are a step closer towards building a strong sustainable ecosystem, where our dealers will have more access to financing solutions. While we contribute to the country’s EV adoption, we also want to enhance our customers' purchase experience along with good finance options. We have recently started our dealership across key markets in India and are all set to get further closer to our customers and are happy that this tie up will help our customers make the right choice for a sustainable drive.”
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