BYD India and Bajaj Finance join forces to boost electric vehicle adoption in India.
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BYD India and Bajaj Finance join forces to boost electric vehicle adoption in India.

Bajaj Finance to provide vehicle finance solutions to BYD customers and dealers across India.

BYD India announced today the signing of a Memorandum of Understanding (MOU) with Bajaj Finance Limited (BFL), the lending arm of Bajaj Finserv Ltd. This strategic partnership will pave the way for comprehensive vehicle financing solutions to be offered to BYD dealers and customers across the country.

The MOU signing ceremony took place at the BYD India headquarters, witnessing the participation of senior executives from both BYD India and Bajaj Finance. Sanjay Gopalakrishnan, Sr. Vice President - Electric Passenger Vehicle Business at BYD India, and Sidhaant Dadwal, President SME and Auto at Bajaj Finance, were present to officially seal the partnership.

By aligning their respective expertise, BYD India and Bajaj Finance aim to empower the Indian EV market with a wide range of innovative electric vehicle products and pioneering financing solutions. The collaboration will harness Bajaj Finance’s digital prowess and extensive customer base, spread across diverse regions, to bolster BYD’s presence in the Indian EV market.

This collaboration comes at a crucial time when India is increasingly focusing on reducing carbon emissions and embracing sustainable transportation solutions. BYD’s commitment to its “Cool the Earth by 1°C” initiative aligns with India’s renewable energy goals and positions the company as a key player in shaping the future of transportation in the country.

Sanjay Gopalakrishnan, Sr Vice President - Electric Passenger Vehicle Business - BYD India, said, “Our partnership with Bajaj Finance marks another significant step for BYD India, building upon our recent collaborations with prominent banks in the country. Our aim in partnering with Bajaj Finance is to offer our esteemed 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 unwavering support to our customer base as well as embarking on a promising journey towards a greener future in the Indian EV market.”

Sidhaant Dadwal, President SME and Auto, Bajaj Finance, added, “Electric vehicles have seen a surge in popularity in recent years and BYD has been a major player in this space. Auto Financing market has begun to shift with customers expecting hassle-free access to credit. Our frictionless processes combined with our affordability solutions (Flexi loans) will enhance the buying experience for customers. Together with BYD India, we look forward to having a fruitful relationship.”

Also Read: Tata Motors Celebrates Milestone Achievement with 50,000 Sales of Nexon EV.

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