Montra Electric Partners with Bansal Credits to Expand EV Financing Across North India

Key Highlights:

• Montra Electric signs MoU with Bansal Credits Limited.

• Financing covers EV 3-wheelers, e-SCVs, e-M&HCVs, and electric tractors.

• Loan services available through Montra Electric dealerships.

• Partnership covers Delhi NCR, Uttar Pradesh, and Punjab.

• Faster loan approvals to support EV adoption.

Montra Electric has signed a Memorandum of Understanding (MoU) with Bansal Credits Limited, a non-banking financial company (NBFC), to make vehicle financing easier for customers across its complete product portfolio. The partnership is aimed at improving access to credit and encouraging the adoption of electric vehicles in Northern India.

Financing Available for the Complete Vehicle Portfolio

Under the agreement, Bansal Credits Limited will offer financing solutions for Montra Electric's entire range of vehicles. This includes:

• Electric three-wheelers

• Electric small commercial vehicles (e-SCVs)

• Electric medium and heavy commercial vehicles (e-M&HCVs)

• Electric tractors

The financing services will be made available directly through Montra Electric's existing dealership network, allowing customers to access vehicle loans at the time of purchase.

Focus on Delhi NCR, Uttar Pradesh, and Punjab

The partnership will initially cover regions where Bansal Credits has a strong presence, including:

• Delhi NCR

• Uttar Pradesh

• Punjab

By focusing on these key markets, both companies aim to strengthen electric vehicle financing and support the growing demand for EVs among commercial buyers and fleet operators.

Faster Loan Processing for EV Buyers

As part of the collaboration, Bansal Credits will provide structured loan options designed for commercial operators and individual buyers. The partnership is expected to speed up the credit approval process, making it easier for customers to purchase Montra Electric vehicles without lengthy financing delays.

Supporting Electric Mobility Adoption

With financing integrated into Montra Electric's dealership network, customers will benefit from a smoother buying experience and improved access to vehicle loans. The partnership is expected to boost the adoption of electric three-wheelers, commercial vehicles, and electric tractors by making financing more convenient and accessible across North India.

Also Read: Montra Electric Deploys 250 Rhino EV Trucks for Wonder Cement on 1,450-km Freight Corridor

CMV360 Says

The MoU between Montra Electric and Bansal Credits Limited marks an important step toward improving financing access for electric vehicles. By offering integrated loan solutions for its complete vehicle portfolio across Delhi NCR, Uttar Pradesh, and Punjab, Montra Electric aims to make EV ownership more affordable while supporting the wider transition to sustainable commercial mobility in India.