Warivo Motor partners with HDB Financial Services to accelerate EV adoption

Warivo Motor India Pvt. Ltd., one of the leading players in India's electric mobility sector, has joined forces with HDB Financial Services to offer convenient and affordable financing options for its range of electric two-wheelers. This strategic partnership aims to make electric vehicles (EVs) more accessible to a wider audience by providing tailored financing solutions for both low-speed and high-speed models.

HDB Financial Services is committed to providing financing solutions that cater to a wide range of customer needs, from everyday commuters to performance-oriented EV enthusiasts. Through this collaboration, HDB Financial Services will offer flexible EMI plans to customers purchasing electric scooters across its’ 1700 plus branches in India. This will enable individuals to spread the cost of their EV purchase over a period, making it easier to manage expenses while transitioning to sustainable transportation.

Speaking on the announcement, Yuvraj Garg, Director of Warivo Motor commented, “Our partnership with HDB Financial Services is another step toward making electric mobility accessible to all. By providing flexible, customer-focused financing solutions, we are empowering individuals to transition to EVs with ease and actively supporting India’s clean energy goals for a greener, more sustainable future.”

Rakesh Kumar, National Head - Two Wheeler and Auto Loans, HDB Financial Services, stated, “At HDB Finance, we are committed to provide more accessible and affordable financial solutions to aspirational customers in the emerging India. This initiative aligns with our focus on driving financial inclusion and offering tailored services that meet the evolving needs of our customers."