Axis Bank to offer retail financing solutions for Hero Electric customers

Hero Electric, an Indian electric two-wheeler company, has tied up with Axis Bank to provide easy and seamless retail financing solutions for its complete product portfolio.

According to Axis Bank, customers can select two-wheeler financing across Hero Electric’s network of more than 750 dealers.

The partnership is said to enable Hero Electric customers avail value-added financial benefits with minimal documentation, while providing them an improved, hassle-free and smooth buying experience.

Sohinder Gill — CEO of Hero Electric said: “Over the last few months, we have seen an uptick in the demand for EVs. At Hero, we are dedicated towards transforming mobility and elevating the EV two-wheeler ownership experience for our customers through our various endeavors.

“Further simplifying two-wheeler ownership, we are expanding personalized funding options, thus facilitating convenient purchase decisions. With the growing demand, we aim to take EVs to non-tier 1 cities and rural pockets to electrify Indian roads.”

Axis Bank in its role as a financial partner will additionally offer personalized loan amounts and flexible tenure for customers as well as Hero Electric dealers.

Sumit Bali — Group Executive, Head – Retail Lending and Payments, Axis Bank, said: “We are delighted to partner with Hero Electric and offer best-in-class financial solutions to its customers and dealers. Our strong retail banking network across India will make the overall experience convenient and seamless for customers.

“This partnership reinforces our commitment towards supporting the Electric Vehicle industry in India. We believe that E-mobility will gain further prominence and play a significant role in sustaining ecological balance in India and globally.’’