As the availability of electric two-wheelers in the Indian market is increasing rapidly, companies are making it easy for them to reach the buyers. Meanwhile, the price of electric scooters has gone up a lot due to the recent subsidy reduction by the central government. Companies are adopting the way of handing over e-scooters to buyers in installments that are easy to handle. For example, Okaya EV has announced tie-ups with 12 lenders.
Okaya EV’s new step in selling electric scooters in easy installments
Okaya has joined hands with HDFC, Axis, IDFC, Loan Tap, Bike Bazaar among others. Who will give them loan in easy installments to buy electric scooter. As a result, the company believes that more customers will be able to buy them. A minimum interest rate of 5.99% has been fixed for handing over the keys to the scooter on loan to the buyers.
Buyers can buy the scooter without any downpayment. One can even opt for zero processing fee. Loan repayment period of maximum 48 months i.e. four installments is being offered to the buyers. Okaya has arranged to give loan in just 30 minutes. In this context, Anshul Gupta, Managing Director of the organization said, “We are excited to tie up with 12 financial institutions. This enables us to offer the best financing options to buyers for electric scooter purchases. This is our important step in the evolution of electric vehicles.”
Incidentally, the electric two-wheeler is currently available for purchase from over 550 dealerships of Okaya EV in India. The company’s lineup includes both fast and slow-speed electric scooters. These include – ClassIQ+, Freedom, Faast F2F, Faast F3, Faast F4 etc.