Hero Electric Ties Up With Axis Bank To Offer Finance Solutions

Hero Electric announced its association with Axis Bank to offer easy and hassle-free retail financing solutions for its entire product portfolio. The customer can opt for two-wheeler financing across Hero Electric's wide network of over 750 dealers. Through this partnership, Hero Electric customers can avail of numerous value-added financial benefits with minimal documentation, offering them an enhanced, hassle-free, and seamless buying experience. As a financial partner, Axis Bank will offer customized loan amounts and flexible tenure for both customers and dealers.

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Sohinder Gill, CEO, Hero Electric, said, “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. This collaboration will drive forward our journey to strengthen green mobility across key markets.”

Sohinder Gill - CEO Hero Electric

Sumit Bali, Group Executive, Head - Retail Lending & 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.”

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With an increasing need to decarbonize the transport sector and make it more sustainable for the economy and environment, the customer focus is now shifting to electric mobility options. To deliver the best experience to its customers, Hero Electric furthers its green ambitions via multiple banks and NBFC partnerships to make EV purchases affordable.