the two-wheeler buying and financing innovator, has announced its launch in
Delhi to make financing of two-wheelers convenient and to provide a seamless
digital buying experience for customers in the city. OTO provides financing
options for all major brands of two-wheelers and has already partnered with 38
dealerships in Delhi.
launch in Delhi expands the geographies in which OTO currently operates and
enables a smoother and much more efficient model for two-wheeler ownership. The
company said it has received 60+ new sign-ups for showrooms in Delhi and 300+
queries on two-wheelers financing options in the city or at dealers’ showrooms.
of the dealerships OTO has partnered with include Binsar Automobiles, Aman
Motors and Bagga Bajaj among others. Since consumers are now preferring online
modes of purchase and the visits to showrooms are not as frequent, OTO is
allowing its customers to easily purchase vehicles by making its full range of
two-wheelers available online. The home delivery and free home test-drive
options are also available in the city now.
on the launch, Sumit Chhazed, Co-founder, OTO said, “Delhi is a crucial market
for two-wheelers with the highest number of registered vehicles across India.
We are excited to venture into a new market and launch our offerings in the
city. With our 10X simple buying and financing experience, we hope to make
two-wheeler adoption more convenient in the city as well as aim to increase the
use of electric vehicles across India.”
Capital provides dramatically simpler and affordable financing options for two
wheelers where buyers pay similar upfront like other loan but pay 35% lower
EMIs and have option to own the two-wheeler at the tenure end by paying
remaining amount or sell it back to OTO. Recently, the company also secured $6
million in a Series A investment round led by Matrix Partners India. They also
partnered with multiple electric vehicle manufacturing companies to accelerate
the adoption of electric vehicles in the country.
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