BYD India partners Bajaj Finance for dealer finance, vehicle loans

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BYD India, a subsidiary of Chinese electric vehicle maker BYD, said on Wednesday that it has signed a preliminary agreement with Bajaj Finance to obtain financing for its dealers and customers in the country.

The strategic partnership aims to provide comprehensive vehicle financing solutions to BYD dealers and customers across India, and promote broad adoption of electric vehicles (EVs) in the country, BYD India said.

Sanjay said, “The partnership with Bajaj Finance aims to provide our customers and agents with access to a variety 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.” Gopalakrishnan, Senior Vice President – Passenger Vehicles Business Electrical – BYD India.

Electric vehicles have seen a rise in popularity in recent years, and BYD has been a major player in this space. Siddhant Dadwal, Head, SME and Auto, Bajaj Finance, said the auto finance market has begun to shift with customers expecting hassle-free access to credit.

“Our frictionless operations combined with affordability solutions (flexible loans) will enhance customers’ buying experience,” he stated.

(Only the title and image for this report may have been reworked by the Business Standard staff; the rest of the content is generated automatically from a shared feed.)

First published: June 28, 2023 | 3:03 PM ist