Chola partners with Kinetic Green to offer retail finance for EVs
Date: 04 Jul 2022
Green Energy and Power Solutions Limited, India’s leading manufacturer of
electric vehicles, announced its partnership with Cholamandalam Investment and
Finance Company Limited (Chola), the financial services arm of Murugappa Group,
to offer easy and smart financing for their range of battery-operated
three-wheelers and electric two-wheelers.
virtue of an MoU signed by both the companies, Kinetic Green has nominated
Chola as an ‘Accredited Financier’ for financing its customers.
collaboration aims to make Kinetic Green’s battery-operated vehicles more
affordable for the discerning and price conscious buyers with attractive
financing solutions. This will also enable Kinetic Green to cater to newer
markets with Chola's widespread presence across the country.
on the partnership, Sulajja Firodia Motwani, Founder and CEO, Kinetic Green
said, “I strongly believe that this partnership will enable Kinetic Green and
its dealers to offer easy and affordable financing solution to our EV customers
which perfectly fit their needs and repayment abilities. With attractive
finance options provided by Chola-Kinetic partnership, Kinetic Green’s
customers can be assured of competitive financing solutions for their finance
needs. This will further propel the growth of Kinetic Green’s electric 2W and
3W and help us achieve our vision of bringing green mobility to the masses in
are happy to be partnering with Kinetic Green, a brand which comes with the
legacy and culture of innovation and excellence, and a proven track record.
This relationship will help us in taking a step closer to fulfilling our ESG
goals. Building quality relationships has always been a cornerstone of Chola’s
philosophy. We are committed to building lasting, loyal relationships with our
customers and partners by consistently delivering excellent value for both. The
best aspect about this alliance with Kinetic Green is the fact that the biggest
beneficiaries will eventually be the esteemed customers. With our strong
network of 1145 plus branches across India, we aim to offer the customers a
never-before experience through customised finance packages that would come
with speedy, convenient and transparent processes. This partnership is also in
line with our continuous endeavour in enabling our customers to ‘Enter a Better
Life’,” added Ravindra Kundu, Executive Director, Cholamandalam Investment and
Finance Company Limited.