New Delhi, JSW MG Motor India on Thursday said it has partnered with Eversource Capital-backed NBFC Ecofi to provide financing and leasing solutions for its electric vehicles.
The two companies have signed a memorandum of understanding (MoU) under which Ecofi will provide financing and leasing solutions for 10,000 JSW MG EVs over the next three years, a statement said.
The company said this will include loan options and leasing arrangements between retail customers and B2B operators for JSW MG Motor India's existing and upcoming electric vehicles.
"This partnership reflects JSW MG India's commitment to offer innovative EV ownership solutions to drive electric vehicle (EV) adoption in India," said Gaurav Gupta, Chief Development Officer, JSW MG Motor India.
He said that by offering innovative financing solutions in collaboration with industry experts, the company is making EV ownership more accessible and affordable to a broader audience.
Ecofy co-founder said, “Combining our expertise in finance and JSW MG’s cutting-edge electric vehicle technology, we aim to make EVs accessible to a wider audience, helping individuals and businesses transition to a greener future without compromising on convenience or affordability.” To be empowered to adopt." said MD and CEO Rajshree Nambiar.
The two companies have signed a memorandum of understanding (MoU) under which Ecofi will provide financing and leasing solutions for 10,000 JSW MG EVs over the next three years, a statement said.
The company said this will include loan options and leasing arrangements between retail customers and B2B operators for JSW MG Motor India's existing and upcoming electric vehicles.
"This partnership reflects JSW MG India's commitment to offer innovative EV ownership solutions to drive electric vehicle (EV) adoption in India," said Gaurav Gupta, Chief Development Officer, JSW MG Motor India.
He said that by offering innovative financing solutions in collaboration with industry experts, the company is making EV ownership more accessible and affordable to a broader audience.
Ecofy co-founder said, “Combining our expertise in finance and JSW MG’s cutting-edge electric vehicle technology, we aim to make EVs accessible to a wider audience, helping individuals and businesses transition to a greener future without compromising on convenience or affordability.” To be empowered to adopt." said MD and CEO Rajshree Nambiar.
