- Ather Energy partners with IDFC Bank
- Introduces loan scheme with 48-month tenure
- Available at a five per cent down payment
With the aim to make its electric scooters more accessible to buyers, Ather Energy has teamed up with IDFC Bank to introduce attractive EV financing options. These schemes will help Ather customers incur monthly expenses similar to that of a conventional scooter, says the company.
Ather buyers willing to avail of these finance schemes can buy the 450X or 450 Plus at a down payment that is five per cent of the on-road price of the e-scooters. What’s more, people can opt for a maximum tenure of 48 months for the loan which, the manufacturer says, is a first in the EV space. Even the approval of the loan will be granted in 45 minutes without the requirement of any processing fee.
Now, more such finance schemes will play a major role in making electric scooters more accessible and accelerating the adoption of electric mobility in India. In other news, Ather Energy recorded its highest-ever monthly sales in October this year by dispatching 8,213 units of its scooters in India. Moreover, it has set up over 600 fast-charging stations in more than 55 cities across India and plans to install 1400 Ather Grids by the end of FY23.
