GT Force has formed a partnership with I-Loan, an online lender specializing in two-wheeler financing and a member of the LoanTap Group. With this partnership, buyers in India will be able to purchase more affordable and easily accessible electric vehicles from GT Force’s lineup, which includes the GT Vegas, GT Ryd Plus, GT One Plus Pro, GT Drive Pro, and the high-end GT Texa.
This cooperation follows GT Force’s earlier engagement with ESAF Small Finance Bank, which focuses in offering financial services to underprivileged people.
Customers will have access to financing choices through I-Loan, including adjustable loan tenures, affordable monthly installments, and flexible repayment plans that lessen the pressure of upfront payments. By making EVs more affordable, these solutions seek to increase the attractiveness of GT Force’s EVs and further the company’s objective of encouraging environmentally friendly transportation.
Co-Founder and Managing Director of GT Force Mukesh Taneja commented on the cooperation, saying, “This collaboration with I-Loan is a step toward making electric two-wheelers easier to purchase, with affordable financing options.” This not only advances our goal of promoting EV adoption but also improves the consumer purchase experience in general.
“Our partnership with GT Force will help increase access to electric mobility through innovative financing solutions,” said Rajeev Das, CEO of I-Loan. Our goal is to give clients flexible options to make the financial process of buying EVs easier.
As part of the agreement, I-Loan will offer loan products with features such as a fully digital customer journey, fast-track loan approvals with minimal paperwork, and field support for GT Force’s dealership network. Dealers will also receive training and resources to promote these financing options, with a focus on simplifying the loan process for buyers. Both companies plan to track the impact of the partnership by monitoring metrics such as sales growth and customer satisfaction, with regular strategic reviews to ensure that the collaboration continues to meet market demands.
By the end of 2024, GT Force, which presently has 40 dealerships spread across states like Haryana, Punjab, Uttar Pradesh, Madhya Pradesh, and Chhattisgarh, intends to grow to 100 dealerships, thus expanding the reach of its electric vehicles.
