Switch Mobility has signed a Memorandum of Understanding (MoU) with Sundaram Finance to strengthen retail financing and leasing solutions for electric vehicle customers in India. The partnership is aimed at improving access to flexible financing options and supporting the wider adoption of electric mobility across the country.
Through the collaboration, customers purchasing Switch Mobility electric vehicles will have access to tailored financing and leasing solutions. The offerings are expected to include attractive interest rates, flexible finance structures and customised leasing arrangements designed to meet different customer requirements.
The partnership addresses one of the key challenges associated with EV adoption—the higher upfront cost of electric vehicles. By providing more flexible payment and leasing options, the two companies aim to make the transition to electric mobility more convenient and financially accessible for customers.
Sundaram Finance was represented at the partnership by A. N. Raju, Joint Managing Director, and Balachander Gopinath, National Head – Auto. Switch Mobility was represented by Amitabh Srivastava, General Manager – Commercial, and Arghadip Roy, Head – Retail Finance.
The collaboration combines Switch Mobility’s expertise in electric mobility with Sundaram Finance’s experience in vehicle financing. Together, the companies aim to create a more customer-focused ownership experience and expand access to EV financing solutions for a wider range of customers.
As India’s electric mobility market continues to grow, financing is expected to remain an important factor in accelerating EV adoption. The Switch Mobility–Sundaram Finance partnership is expected to support customers with more accessible financing and leasing options while contributing to the country’s transition towards cleaner and sustainable transportation.
