JSW MG Motor India has announced a partnership with NBFC Ecofy, which is backed by Eversource Capital, to offer financing and leasing solutions for its electric vehicles.
Under the Memorandum of Understanding (MoU) signed by the two companies, Ecofy will provide financing and leasing solutions for up to 10,000 JSW MG EVs over the next three years.
These solutions will include loan options and leasing arrangements for both retail customers and B2B operators, covering existing and forthcoming electric vehicles of JSW MG Motor India.
Gaurav Gupta, Chief Growth Officer of JSW MG Motor India, expressed that this partnership demonstrates the company’s commitment to providing innovative EV ownership solutions to promote the adoption of electric vehicles in India.
By collaborating with industry specialists to offer innovative financing solutions, the company aims to make EV ownership more accessible and affordable to a wider audience.
Rajashree Nambiar, Co-founder, MD & CEO of Ecofy, emphasized that by leveraging their expertise in finance and JSW MG’s advanced electric vehicle technology, they aim to make EVs accessible to a broader audience, empowering individuals and businesses to embrace a greener future without compromising on convenience or affordability.