In an effort to spur the adoption of electric vehicles, JSW MG Motor India and Eversource Capital-backed NBFC Ecofy, India’s climate impact fund, have partnered to provide financing and lease options for up to 10,000 over the course of the next three years.
Over the next three years, JSW MG Motors India and Eversource Capital-backed NBFC Ecofy will finance and lease up to 10,000 electric vehicles. This partnership is in line with the Central Government’s objective to address climate change through programs like the FAME-III program, which provides significant financial incentives for electric vehicles, and the National Action Plan on Climate Change (NAPCC). Ecofy offers lending alternatives and leasing agreements for retail consumers and B2B operators for JSW MG Motor India’s existing and future models in an effort to lessen carbon footprints and restore planetary balance.
Chief Growth Officer of JSW MG Motor India, Gaurav Gupta, claims that the company’s collaboration with Ecofy is evidence of their dedication to providing creative, affordable EV ownership options, which will increase the number of electric vehicles on Indian roads. Through partnerships with industry experts, the company is increasing the affordability and accessibility of electric vehicle ownership for a wider range of people.
Co-founder, MD, and CEO of Ecofy Rajashree Nambiar emphasizes that their goal is to increase the number of people who can afford electric vehicles (EVs) by leveraging JSW MG’s state-of-the-art electric vehicle technology along with their financial knowledge. By enabling people and companies to adopt a more environmentally friendly future without sacrificing affordability or convenience, this makes sure that no one is left behind in the shift to sustainable mobility.
JSW MG Motor India is bolstering its market share in India’s electric car sector by means of strategic alliances that improve accessibility and cost. As evidence of its dedication to provide reasonably priced EV choices, the business recently partnered with Tata Capital to give its dealers extensive financing options.
Their partnership with Ecofy and Autovert highlights their dedication to closing the affordability gap and quickening the uptake of EVs. JSW MG Motor India makes sure that consumers have access to appealing financing alternatives and hassle-free ownership by utilizing a strong dealership network and smooth digital processes.
Eversource Capital-backed Ecofy offers vital financial support for environmentally friendly projects including solar energy and electric vehicles, while Autovert focuses on financing cutting-edge green products. Focusing on sustainability, JSW MG Motor India is reshaping India’s automotive landscape with the MG Hector and MG ZS EV, two cutting-edge models that are setting the industry standard and encouraging creativity.
Their partnership with Ecofy and Autovert highlights their dedication to closing the affordability gap and quickening the uptake of EVs. JSW MG Motor India makes sure that consumers have access to appealing financing alternatives and hassle-free ownership by utilizing a strong dealership network and smooth digital processes.
Eversource Capital-backed Ecofy offers vital financial support for environmentally friendly projects including solar energy and electric vehicles, while Autovert focuses on financing cutting-edge green products. Focusing on sustainability, JSW MG Motor India is reshaping India’s automotive landscape with the MG Hector and MG ZS EV, two cutting-edge models that are setting the industry standard and encouraging creativity.
