MLR Auto Partners With Vidyuttech For Vehicle Finance

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Updated On: 18-Jul-2023 04:16 AM

MLR Auto's decision to join forces with Vidyuttech is a testament to their commitment to enhancing customer experience and facilitating convenient ownership of their vehicles.

Vidyuttech's unique pay-per-kilometre battery lease and attractive interest rate of around 10% are intended to facilitate the adoption of Electric 3-wheelers.

In a significant development in the automotive industry, MLR Auto, a leading automobile manufacturer, has announced a strategic partnership with Vidyuttech, a prominent financial technology firm, to offer vehicle finance solutions. This collaboration aims to streamline the process of acquiring automobiles by providing innovative and accessible financing options to customers.

Vidyuttech's unique pay-per-kilometre battery lease and attractive interest rate of around 10% are intended to facilitate the adoption of Electric 3-wheelers, making them an affordable and sustainable option for customers. Furthermore, Vidyuttech's commitment to providing over 90% on-road funding for potential consumers lessens the stress of downpayment, making electric vehicle ownership more accessible.

MLR Auto's decision to join forces with Vidyuttech is a testament to their commitment to enhancing customer experience and facilitating convenient ownership of their vehicles. By leveraging Vidyuttech's expertise in financial technology, MLR Auto aims to simplify the loan approval and disbursement process, making it faster and more efficient for prospective electric three-wheelers buyers.

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The partnership with Vidyuttech brings several advantages to MLR Auto's customers. Through this collaboration, potential vehicle owners will benefit from competitive interest rates, flexible repayment terms, and personalized financing plans tailored to their needs. The integration of MLR Auto's extensive vehicle lineup with Vidyuttech's advanced lending platform will provide customers with a seamless and hassle-free financing experience.

Commenting on the partnership, the spokesperson for MLR Auto expressed excitement about the collaboration, stating, "We are thrilled to join forces with Vidyuttech to revolutionize the vehicle financing landscape. This strategic alliance enables us to provide our customers with convenient and affordable financial solutions, empowering them to realize their dream of owning an MLR Auto vehicle."

Vidyuttech's representative also shared their enthusiasm, emphasizing the shared vision of both companies to empower individuals through technology-enabled financial services. "Together, we aim to bring greater accessibility and efficiency to vehicle financing, ensuring a seamless journey for customers from selection to ownership," they stated.

The partnership between MLR Auto and Vidyuttech represents a significant step forward in the automotive industry, where the integration of technology and financial services promises to reshape the EV-buying experience. With this collaboration, MLR Auto strengthens its commitment to delivering exceptional value to customers, while Vidyuttech expands its reach in the automotive financing sector.

As the partnership takes effect, customers can look forward to an enhanced and simplified vehicle financing process, making MLR Auto's impressive lineup of electric vehicles more accessible to a broader audience.