Hero Electric, India's leading electric two-wheeler company and a pioneer in the Indian E2W industry, has announced a strategic collaboration with IDFC FIRST Bank to offer easy and affordable finance options to its customers. The partnerships aim to enhance accessibility and affordability of electric vehicles for a wider audience, thereby accelerating the adoption of clean and sustainable transportation solutions in the country.

IDFC FIRST Bank, renowned for its customer-centric approach and innovative financial solutions, brings an attractive offer to Hero Electric customers. With a low Equated Monthly Instalment (EMI) starting at just Rs 2731 and a remarkable 100 per cent Loan to Value (LTV) offer. Customers opting for this option will have flexibility to repay their loans conveniently over an extended period, while experiencing the benefits of eco-friendly and cost-effective mobility solutions.

Simultaneously, the E2W leader has also collaborated with other financial institutions to enable customers purchase any model from Hero Electric's Optima range or NYX with a minimal down payment of Rs 8190. This initiative aims to make the purchase process smoother and hassle-free, allowing individuals to switch to electric scooters with minimal financial burden.

Sohinder Gill,CEO- Hero Electric said, "A critical aspect of the success of EVs in India is easing the financial burden on buyers. It has been our constant aim to find synergies with banks and financial institutions to make E2Ws exciting and affordable. We are happy to have found partners in IDFC FIRST Bank who believe in the EV space. We are making electric mobility within everyone's reach by combining our high-quality electric scooters with the financial expertise of our banking partners."