Kinetic Watts and Volts Ltd., the electric vehicle manufacturing subsidiary of Kinetic Engineering Ltd., has partnered with IDFC FIRST Bank to expand retail financing options for Kinetic electric two-wheelers across its growing dealership network.
Under the partnership, IDFC FIRST Bank has onboarded Kinetic EV as an OEM partner for two-wheeler retail finance. Customers visiting Kinetic EV dealerships will now have access to financing options from the bank, subject to applicable eligibility criteria.
The partnership is aimed at simplifying the financing and purchase process for customers. Eligible buyers can benefit from quick loan approvals, attractive EMI options and competitive interest rates, subject to applicable terms and conditions.
The tie-up comes as Kinetic EV expands its retail footprint across India. The company currently has more than 65 operational dealerships offering 3S (Sales, Service and Spares) facilities, providing customers with access to its electric two-wheelers along with after-sales support.
IDFC FIRST Bank’s ground operations team will work with Kinetic EV’s dealership network to facilitate the financing process and assist customers at the point of purchase.
Kinetic EV and IDFC FIRST Bank are also working on additional schemes and offers for eligible customers. According to the companies, these offerings are intended to provide prospective buyers with greater flexibility when planning their electric two-wheeler purchase. Details of the schemes and offers will be announced at a later date.
Commenting on the partnership, Mr. Ajinkya Firodia, Managing Director, Kinetic Watts and Volts Ltd. (Kinetic EV), said: “For many customers, choosing an electric two-wheeler is not just about selecting the right product, but also about finding a purchase option that works for them. Our partnership with IDFC FIRST Bank gives customers greater choice at the point of purchase and strengthens the support available across our dealership network. With quick financing options, attractive EMI plans and exciting offers for eligible customers, we want to make the overall purchase journey simpler and more convenient. As we continue to expand our presence across markets, we look forward to making the journey towards electric mobility more accessible for more customers.”
The partnership will also leverage IDFC FIRST Bank’s presence across a wide range of towns and markets, including locations where Kinetic EV is strengthening its dealership footprint. This will help Kinetic EV dealerships engage with a wider pool of prospective customers and support the growing interest in electric mobility across markets.
Mr. Gaurav Syal, Business Head – 2W, IDFC FIRST Bank, said: “We are pleased to partner with Kinetic Watts and Volts as an OEM partner for two-wheeler retail finance. The electric two-wheeler segment is witnessing increasing customer interest, and our partnership with Kinetic EV will enable us to extend our financing solutions to a wider set of customers across its dealership network. Through our on-ground presence and customer-focused financing capabilities, we look forward to supporting the dealerships and contributing to a seamless vehicle purchase experience for customers.”
With Kinetic EV expanding its retail presence and the electric two-wheeler category gaining momentum, the association brings together Kinetic EV’s growing dealership network and IDFC FIRST Bank’s capabilities in two-wheeler lending. Together, the partners aim to make the transition to electric mobility a more convenient, flexible and accessible experience for customers, while supporting Kinetic EV’s growing presence across markets.
