HomeBusinessBYD India signs MOU with Axis Bank to offer Financing Solutions

BYD India signs MOU with Axis Bank to offer Financing Solutions

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  • The Bank to offer customized financing solutions to customers as well as dealers

BYD India Private Limited, a subsidiary of the world’s leading New Energy Vehicle manufacturer BYD, today, signed an MOU with Axis Bank, India’s third largest private sector bank, to offer a bouquet of financial products and solutions to its dealers and retail customers. Through this partnership, BYD India has reinforced its commitment towards providing an enhanced experience to both its customers as well as 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 – Retail Lending and Payments, Axis Bank.

Commenting on the strategic tie-up with BYD India, 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.”xx

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”x

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