Ather Electric Scooters: Easy Finance Options in Partner with SBI

Ather Electric Scooters: Easy Finance Options in Partner with SBI

The leading electric scooter brand, Ather electric scooters, will be available with easy finance options for EV enthusiasts as they have made a collab with the State Bank of India.

Ather Electric Scooters partners with sbi

The collaboration could help Ather Energy gain a larger share of the Indian electric scooter industry. As the EV industry is witnessing substantial growth in the fast year, Ather is just in the top 3, registering a 20% month-on-month growth. Ather Energy hopes to expedite EV adoption in the country by utilizing the reach and penetration of the country’s largest public sector bank, SBI.

Also Read : Ather 450 Electric Scooter Review

As per the company’s joint announcement, the collaboration will allow Ather Energy clients to receive pre-approved loan proposals from SBI to obtain quick loans at low-interest rates starting at 9.55 per cent p.a., depending on the customer’s credit profile.

The customers need to visit their nearest SBI branches to avail of the loan. The new alliance between the EV manufacturer and the public sector bank will allow buyers to borrow up to 85 per cent of the vehicle’s on-road price, subject to their loan eligibility.

Customers can apply for the SBI Easy Ride loan through YONO at an EMI of Rs 251/- every Rs 10,000.

Also Read : The Killer Greta Electric Scooters Launches Starting Rs 39999 – Review and first look

Ather Electric Scooters partners with sbi

Once the loan gets approved, the amount will immediately be transferred to the respective dealer’s account. Moreover, SBI will expand offline retail financing options through its Branch network to facilitate customer adoption.

This crucial collaboration will help Ather Energy grab a significant chunk of the Indian electric two-wheeler market. For May, the EV manufacturer was the country’s fourth best-selling electric scooter brand. The gap decreases continuously as Ather thrives on grabbing the number two position before Ola Electric.

Also Read : Okinawa Okhi 90 Electric Scooter Price and Review – Best Electric Scooter 2022

Ather Energy emerging as leading electric two wheeler manufacturer

Ather is also planning to expand its network of fast-charging stations throughout 38 cities in India, including tier-II and tier-III cities, to over 325. Ather is also expanding its retail businesses, as it plans to open 150 or more retail shops by March 2023.

Ather Electric Scooters partners with sbi

According to the Chief Business Officer, Ather Energy, Mr Ravneet Phokela, Ather has constantly been developing an ecosystem that enables customers to easily transit towards the electric ecosystem in India. The easy finance allows customers to avail their favourite EV at a very affordable and hassle-free process.

The collaboration with SBI lets the customers offer a great opportunity with affordable financing options. The bank will assure consumer convenience and attract more individuals to join the EV revolution.

Ather Energy also has plans to get associated with major banks, NBFCs, and financial institutions to provide their consumers with competitive financing options to help them realise their dream of owning an Ather electric scooter.

From SBI, Dy. Managing Director (Retail Business) Saloni Narayan confirmed that SBI has plans to provide customers with digital two-wheeler loans through a paperless process at the comfort of their preferred location and time.

Ather Electric Scooters: Latest Updates

Ather Energy is offering their customers two trim levels, the 450 Plus and the 450X. The news is coming as the EV giant is coming up with a significant update to their 450 series scooters.

Both the Ather models, 450 plus and 450X, have been due for a battery update since their launch in 2018. As currently, Ola S1 pro is dominating the Indian electric scooter space, and this will be a game-changer for Ather energy.

Also Read : Future Electron Pro Max VS Ather 450X – Know Which is Better at Same Price!

Leaked records revealed significant range improvements for these two Ather electric scooters.

The new Ather 450 plus could go upto 146 Kms and 450x 108 Kms on a single charge. This will outperform the market leader, Ola S1 pro. The battery pack will get a new upgrade from 3.66 Kwh to the current 2.9 Kwh battery models.

The 450 plus will target the segment where customers need more milage with less performance, and 450X will cater to those who want to perform in their scooters with a decent milage.

Whichever may be your option get ready to grab a brand new Ather electric scooter with a hassle-free, easy finance option from your favourite bank SBI.

Also Read : Simple Energy One Electric Scooter Price and Review – gets 300+ Km Range

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Myself Prasun Dey , a Passionate Blogger , Affiliate Marketer & Blog Content Writer. I maintain concise & error-free writing as a blog writer. I can take up my creative ideas with any of the topics to write a new article that will add value to my readers.

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