Montra Electric has signed a Memorandum of Understanding (MoU) with Bansal Credits Limited, a non-banking finance company (NBFC) to strengthen financing access across its entire electric vehicle portfolio.
As part of the partnership, Bansal Credits will offer tailored financing solutions for Montra Electric’s entire range of vehicles, including electric three-wheelers, electric small commercial vehicles (e-SCV), electric medium and heavy commercial vehicles (EM and HCV), and electric tractors. These financing services will be seamlessly integrated into Montra Electric’s dealership network, allowing customers to access vehicle loans more easily.
The collaboration will initially focus on key markets in North India, where Bansal Credits has a strong presence, including Delhi NCR, Uttar Pradesh and Punjab. By streamlining credit approvals and providing flexible financing options, the partnership aims to make electric mobility more accessible to commercial fleet operators, businesses and individual buyers while supporting the widespread adoption of electric vehicles in the region.