Kinetic Watts & Volts Limited, the electric vehicle manufacturing subsidiary of Kinetic Engineering Limited, 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 on-boarded Kinetic EV as the 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 aims to simplify the financing and purchasing process for customers. Eligible buyers can benefit from quick loan approval, 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 over 65 operational dealerships that provide 3S (Sales, Service and Spares) facilities to customers along with after sales support and access to its electric two-wheelers.
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 time of purchase.
Kinetic EV and IDFC First Bank are also working on additional plans and offers for eligible customers. According to the companies, these offerings are aimed at providing potential buyers more flexibility when planning to purchase an electric two-wheeler. Details of the schemes and proposals will be announced later.
Commenting on the partnership, Mr. Ajinkya Firodia, Managing Director, Kinetic Watts & Volts Limited (Kinetic EV), said: “For many customers, choosing an electric two-wheeler is not only about selecting the right product but also finding a purchase option that works for them. Our partnership with IDFC First Bank gives customers more choices at the time of purchase and strengthens the support available across our dealership network. Quick financing options, attractive EMI plans and eligible With exciting offers for customers, we aim to make the overall purchasing journey simpler and more convenient, as we continue to expand our presence across markets, we look forward to making the electric mobility journey more accessible to more customers.
The partnership will also leverage IDFC First Bank’s presence in a wide range of towns and markets, including locations where Kinetic EV is strengthening its dealership footprint. This will help Kinetic EV dealerships connect with a wider set of potential 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 & Volts as an OEM partner for two-wheeler retail finance. There is growing customer interest in the electric two-wheeler segment, and our partnership with Kinetic EV will enable us to extend our financing solutions to a wider set of customers across our dealership network through our on-ground presence and customer-centric financing capabilities. “We look forward to supporting the dealership and contributing to a seamless vehicle purchasing experience for customers.”
With Kinetic EV expanding its retail presence and the electric two-wheeler category gaining momentum, this 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 the growing presence of Kinetic EVs in the markets.