BYD India has now signed an MOU with Kotak Mahindra Prime, a subsidiary of Kotak Mahindra Bank, to offer financing solutions to its dealers and customers.
This partnership aims to further strengthen the automaker’s financing network all over the country as Kotak Prime has a wide network and vast experience in financing the entire range of passenger cars, multi-utility vehicles, pre-owned cars and two-wheelers.
Established in March 2007 in Chennai, BYD India has two factories with a cumulative investment of over USD 200 million in the country. The company’s Indian subsidiary has gradually developed into the regional headquarters of South Asia, realising its localisation strategy in this region.
With joint efforts of local partners, e-buses powered by the technology of BYD battery, powertrain, and chassis are deployed in various Indian cities. The company recently launched the Atto 3 SUV in October this year It also sells the e6 electric MPV in the domestic market.
Official Statement
Mr Shahrukh Todiwala, Whole-time Director & President, Kotak Mahindra Prime said, “We are happy to be partnering with an EV brand like BYD to finance their dealers and customers. The tie-up is part of our continuous commitment to growing our vehicle financing business with a clear focus on EV space and contributing to the government’s vision of a cleaner environment and a greener India.”
Mr Sanjay Gopalakrishnan, Sr Vice President – Electric Passenger Vehicle Business – BYD India, said, “With Kotak Prime as one of the partners for our dealers and customers’ financing needs, we are happy to extend our support to our customers who are looking for vehicle financing and be part of driving sustainability in the country. This MOU is yet another step to get our vehicles closer to our customers with tailor-made customer-friendly offerings. This enhances our reach in providing competitive financing solutions to prospective customers.”