Montra Electric has signed a Memorandum of Understanding (MoU) with Bansal Credits Limited, a non-banking financial company (NBFC), to strengthen financing accessibility across its entire electric vehicle portfolio.
As part of the partnership, Bansal Credits will offer tailored financing solutions for Montra Electric’s complete range of vehicles, including electric three-wheelers, electric small commercial vehicles (e-SCVs), electric medium and heavy commercial vehicles (e-M&HCVs), and electric tractors. These financing services will be seamlessly integrated into Montra Electric’s dealership network, enabling customers to access vehicle loans more conveniently.
The collaboration will initially focus on key markets in Northern India, where Bansal Credits has a strong presence, covering Delhi NCR, Uttar Pradesh, and Punjab. By streamlining credit approvals and providing flexible financing options, the partnership aims to make electric mobility more accessible for commercial fleet operators, businesses, and individual buyers while supporting the wider adoption of electric vehicles in the region.
