BYD partners with Axis Bank to offer financing solutions to its dealers and customers.
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BYD partners with Axis Bank to offer financing solutions to its dealers and customers.

As part of this partnership, Axis Bank will offer customized financial solutions to BYD India's dealers and customers, including financing options for purchasing electric vehicles.

BYD India has signed a Memorandum of Understanding (MoU) with Axis Bank, India’s third-largest private sector bank, to offer a range of financial products and solutions to its dealers and retail customers.

This strategic partnership is expected to further enhance BYD India’s commitment to providing an exceptional experience to both its customers and dealers. The MoU was signed by Mr. Sanjay Gopalakrishnan, Sr. Vice President - Electric Passenger Vehicle Business - BYD India, and Mr. Sumit Bali, Group Executive and Head of Retail Lending and Payments, Axis Bank.

As part of this partnership, Axis Bank will offer customized financial solutions to BYD India’s dealers and customers, including financing options for purchasing BYD electric vehicles. This move is expected to promote the adoption of electric vehicles in the country and accelerate the shift towards a greener future.

Currently, BYD sells E6 and ATTO 3 electric cars in India. Its flagship product ATTO 3 electric SUV, comes with a 60.48 kWh Blade Battery, which provides an ARAI-certified range of 521 km. The BYD ATTO 3 is equipped with a cutting-edge 8-in-1 electric powertrain, making it one of the most advanced EVs on the market. This integrated powertrain includes a drive motor, motor controller, reducer, onboard charger, DC converter, high-voltage distribution box, vehicle controller, and Battery Management System (BMS).

BYD-ATTO 3 features L2 Advanced Driving Assistance System (ADAS) BYD Dipilot, 7 airbags, the panoramic sunroof, a 12.8-inch adaptive rotating suspension electronic pad, 360° holographic transparent imaging system, an NFC card key, the Vehicle to Load (VTOL) mobile power station, etc.

It is available in India at an Ex-showroom price of ₹33.99 Lakhs in 4 colors: Boulder Grey, Parkour Red, Ski White, and Surf Blue.

Commenting on this partnership with Axis Bank, Mr. Sanjay Gopalakrishnan, Sr Vice President - Electric Passenger Vehicle Business - BYD India, said, “The strategic tie-up with one of the country’s largest private sector bank gives our retail customers a gamut of financing solutions to buy our products and our dealers the access to inventory finance. This partnership will put us on the wide network of Axis Bank and help take one step further towards our aim of facilitating EV adoption in the country. We look forward to this association, that will help build a stronger ecosystem. Dealers are the frontrunners for our electric car sales, and we are happy to support them through this tie-up. We are on track towards building a stronger ecosystem and facilitate EV adoption in our country”.

Mr. Sumit Bali, Group Executive, Head - Retail Lending & Payments, Axis Bank, said, ”We, at Axis Bank are deeply committed towards driving the objective of Green Mobility financing solutions. Through this partnership, we will offer best-in-class financial solutions to BYD India’s customers and dealers. Our strong retail banking network across India will make the overall experience accessible and seamless for them. With this association, we have further strengthened our vision to achieve the goal of green mobility and bolster sustainability in mobility sector.”

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