BYD India Collaborates with Bajaj Fin:
BYD India, the Indian subsidiary of Chinese electric vehicle manufacturer BYD, has announced a promising collaboration with Bajaj Finance to facilitate financing options for its dealers and customers in the country. This exciting partnership, unveiled on June 28, aims to deliver comprehensive vehicle financing solutions across India, with the ultimate goal of promoting the widespread adoption of electric vehicles (EVs).
Sanjay Gopalakrishnan, Senior Vice President of BYD India’s Electric Passenger Vehicle Business, expressed the significance of this alliance, stating, “The partnership with Bajaj Finance is aimed at offering our customers and dealers access to a diverse range of financing solutions. We understand the vital role they play in our business, and this new alliance allows us to provide support to our customer base.”
The popularity of electric vehicles has surged in recent years, and BYD has been at the forefront of this revolutionary industry. Recognizing this shift in consumer preferences, Sidhaant Dadwal, President of SME and Auto at Bajaj Finance, emphasized the changing landscape of the auto financing market. “Customers now expect hassle-free access to credit,” said Dadwal, adding, “Our frictionless processes combined with our affordability solutions (Flexi loans) will enhance the buying experience for customers.”
About Bajaj Finance:
Bajaj Finance Limited is a non-banking financial company (NBFC) registered with the Reserve Bank of India (RBI) that accepts deposits. The company possesses a diverse lending portfolio catering to retail, small and medium-sized enterprises (SMEs), and commercial customers, and holds a prominent position in both urban and rural areas of India.
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