Montra Electric, the EV brand of the Murugappa Group has joined hands with Bike Bazaar to enter into a strategic vehicle financing arrangement for its customers.
Under the collaboration Montra Electric customers will get access to Bike Bazaar’s loans on the Montra Electric Super Auto by with lower interest rates and longer tenure.
Under this arrangement, Bike Bazaar will offer complete financial solutions to Montra Electric’s customers, aiming to meet their needs by providing vehicle loans for electric three-wheelers. These loans will come with convenient monthly repayment plans tailored to suit the customers’ preferences.
Roy Kurian, Business Head, Montra Electric 3W Division said, “With the combined strength of Bike Bazaar and Montra Electric, our dealers will now have financing solutions to suit their needs. As India embraces greener mobility, we are dedicated to easing our customers’ transition to sustainability. With lower interest rates and extended loan terms for Super Auto ownership, we aim to not only alleviate financial burdens but also promote environmentally responsible practices.”
Karunakaran V, Co-Founder & Joint MD, Bike Bazaar said, “We at Bike Bazaar are immensely proud and honoured to partner with Montra Electric in their endeavour to promote clean energy through electric vehicles. Being committed to making a positive impact in the ESG domain, we align closely with Montra Electric’s vision for a sustainable world. We are confident that our collaboration will set new benchmarks in the three-wheeler industry and advance the cause of clean energy adoption in India.
The goal of partnering with Bike Bazaar is to provide customers with simplified financing choices, a smoother customer journey, and quick assistance.
Montra Electric’s Super Auto come with a 10 kWh battery pack, claimed range of 203km (ARAI certified), peak torque of 60 Nm, and a top speed of 55kmph. The vehicle introduces industry-first multi-drive modes for enhanced fuel efficiency and a Park Assist Mode for seamless manoeuvring in city traffic.
