Ad
Ad
Australian investment firm Macquarie plans to launch an EV financing platform in India to help commercial fleet owners. The NBFC aims to increase the EV adoption rate in the country by providing financing services through its latest platform.
Macquarie, an Australian financial services firm, is planning to set up an Electric Vehicle (EV) platform in India by launching a non-banking financial company (NBFC). The NBFC will help shorten the gap of EV adoption in India as commercial fleet owners can now avail credits through Macquarie’s platform.
The firm is expected to apply for a licence with the Reserve Bank of India (RBI) according to one official at the firm. “Informal discussions with the regulator have taken place and the firm is likely to file officially in the last quarter of the current financial year,” he stated.
Investment Budget and Future Plans
The firm will introduce an end to end EV platform in the country offering benefits such as fleet leasing, battery services and heavy transportation solutions as per one of the officials.
The firm will invest a total of $400 million into the EV platform and over the next seven to eight years the firm is aiming to invest $1.2-2 billion for the NBFC.
This isn’t the first time the Australian firm has invested in India’s EV industry, recently the firm has announced a partnership with Indian EV charging company ChargeZone to increase charging infrastructure in the country.
The investment company had a total assets of $250 billion as of 31st March and has been investing in India through its Asia fund for infrastructure development in the country.
Growth Potential of NBFC in India
The former Chief Executive Officer of Orix India will lead the NBFC, with his consumer finance experience the company is set to grow rapidly in India.
The Indian light truck and bus segments are expected to grow by 25% and 15-20% by 2030 as per a Bain & Co report published last year. The report stated that total light truck and bus sales will reach approximately 9,30,000 and 1,75,000 units.
India’s electric vehicle market offers a great opportunity for growth as many e-buses are acquired by the state government. Additionally, the Indian government is also aiming to introduce around 50,000 electric buses by 2027 which will greatly benefit the NBFC.
Ashok Leyland Partners with Nagaland Rural Bank for Vehicle Financing Solutions
The agreement was signed by C. Neelakantan, Head of Treasury and Direct Taxation at Ashok Leyland, and Velayutham Sadhasivam, Chairman of Nagaland Rural Bank....
02-Apr-25 10:35 AM
Read Full NewsVECV Sales Report March 2025: 12,094 Units Sold; Sales Grew by 7.6%
VECV reports growth in sales for March 2025. Here are the key highlights and performance trends of VECV....
02-Apr-25 08:40 AM
Read Full NewsMahindra Last Mile Mobility Leads Electric Commercial Vehicle Market for Fourth Year
Despite tough competition from big brands and new companies, MLMML has secured a 37.3% market share in the L5 category. ...
02-Apr-25 06:42 AM
Read Full NewsTata Motors registered 41,122 Commercial Vehicle Sales in March 2025
Discover the latest sales insights from Tata Motors Limited! March 2025 sales: CV Domestic sales were 38,884 units. ...
02-Apr-25 05:37 AM
Read Full NewsAshok Leyland Sales Report March 2025: Reports 4% Growth in Domestic Sales
Explore Ashok Leyland’s sales growth in March 2025, with positive performance in domestic markets, especially in M&HCV truck sales....
01-Apr-25 12:07 PM
Read Full NewsAtul Auto Reports Strong Sales Performance for March 2025 and FY 2024-25
Atul Auto recorded total sales of 3,693 units in March 2025, marking an 18.06% increase from 3,128 units sold in March 2024....
01-Apr-25 10:33 AM
Read Full NewsAd
Ad
AC Cabin Trucks in India 2025: Merits, Demerits, and Top 5 Models Explained
25-Mar-2025
Benefits of Buying Montra Eviator In India
17-Mar-2025
Top 10 Truck Spare Parts Every Owner Should Know
13-Mar-2025
Top 5 Maintenance Tips for Buses in India 2025
10-Mar-2025
How to Improve Electric Truck Battery Range: Tips & Tricks
05-Mar-2025
Top 5 Tata Signa Trucks in India 2025
03-Mar-2025
View All articles
Registered Office Address
Delente Technologies Pvt. Ltd.
M3M Cosmopolitan, 12th Cosmopolitan,
Golf Course Ext Rd, Sector 66, Gurugram, Haryana
pincode - 122002
Join CMV360
Receive pricing updates, buying tips & more!
Follow Us
COMMERCIAL VEHICLE BUYING BECOMES EASY AT CMV360
CMV360 - is a leading commercial vehicle marketplace. We helps consumers to Buy, Finance, Insure and Service their commercial vehicles.
We bring great transparency on pricing, information and comparison of tractors, trucks, buses and three wheelers.