BYD India has now signed an MOU with Kotak Mahindra Prime, a subsidiary of Kotak Mahindra Bank, to offer financing solutions to its dealers and customers.
The partnership aims to further strengthen the automaker’s financing network across the country as Kotak Prime has a wide network and a wide range of financing for passenger cars, multi-utility vehicles, pre-owned cars and the entire range of two-wheelers. There is experience.
Established in Chennai in March 2007, BYD India has two factories in the country with a total investment of over USD 200 million. The company’s Indian subsidiary has gradually grown into a regional headquarters in South Asia, realizing its localization strategy in the region.
Through the joint efforts of local partners, e-buses powered by BYD battery, powertrain, and chassis technology have been deployed in various cities across India. The company recently launched the Atto 3 SUV in October this year and also sells the e6 electric MPV in the domestic market.
Mr. Shah Rukh Todiwala, Whole Time Director & President, Kotak Mahindra Prime said, “We are delighted to partner with an EV brand like BYD to provide financing to our dealers and customers. This agreement is a landmark in the EV space. It is part of our continued commitment to grow our vehicle financing business with focus and in support of the government’s vision of a clean environment and green India.”
Mr. Sanjay Gopalakrishnan, Senior Vice President – Electric Passenger Vehicle Business – BYD India said, “Kotak Prime as one of the partners for our dealers and customers’ financing needs, allows us to extend our support to our customers. Happy looking. Be a part of vehicle financing and driving sustainability in the country. This MoU is another step to bring our vehicles closer to our customers by providing tailored offers to our customers. This increases our reach in providing competitive financing solutions to potential customers.