Altigreen collaborates with an Indian bank to provide retail financing.

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Updated On: 17-May-2023 06:43 AM

Indian Bank will now make its range of financial products available to the company's consumers across India.

Indian Bank will now make its range of financial products available to the company's consumers across India.

Altigreen collaborated with Indian Bank to provide personalized retail loan options to its clients. As a result, it will help customers make EV purchases.

The bank's extensive branch network will improve access to these loans not only in major cities but also in Tier 2 and Tier 3 markets.'

Because of the strategic agreement, Indian Bank will now make its range of financial products available to the company's consumers across India.

"This collaboration with Indian Bank allows more customers to benefit from low-cost financing options for purchasing Altigreen's vehicles," stated Shalendra Gupta, Co-Founder and CFO of Altigreen.

Sudhir Kumar Gupta, Field General Manager at Indian Bank, stated, " The EV is a possible source of income, particularly outside of the country's Tier-2 cities. We recognize that only a few financial institutions in this segment provide such lending solutions. Our collaboration with Altigreen will go a long way toward meeting such clients' financial needs and enabling them to join the mission of a cleaner and greener India."

Altigreen 3-wheeler price in India commences from Rs 3.55 Lakh to Rs 4.36 Lakh. Altigreen has introduced more than 4 3-wheelers from 11 horsepower to 11 horsepower category. This 3-wheeler brand in India has offered 3-wheeler cargo and 3-wheeler passenger vehicles that work on Electric. Some popular Altigreen 3-wheelers are Altigreen neEV Low Deck, Altigreen neEV High Deck and Altigreen neEV Tez.