Paisalo Digital Limited, a prominent non-banking financial company (NBFC), has teamed up with Mahindra Last Mile Mobility Limited (MLMML), a subsidiary of Mahindra and Mahindra (M&M), to meet the rising demand for commercial electric vehicles (EVs) by enhancing financing options and supporting India’s shift towards sustainable mobility. Paisalo Digital will provide customized financing solutions for individuals and businesses interested in investing in MLMML’s commercial electric and internal combustion engine (ICE) three- and four-wheelers.
Mr. Santanu Agarwal, Deputy Managing Director of Paisalo Digital, remarked, “With the holiday season around the corner, this partnership is perfectly positioned to capitalize on India’s seasonal buying trends. As consumers gear up for significant purchases during Diwali and other festivities, the enhanced financing options for electric vehicles are likely to boost demand. This period is traditionally associated with vehicle sales, and by offering flexible, affordable financing, we aim to encourage more buyers to view electric vehicles as a cleaner, smarter option. We believe this festive season will be crucial in driving EV sales.”
Through this collaboration, innovative financing packages will be available for commercial EV and ICE vehicle purchasers. Loan offerings will include competitive interest rates and streamlined documentation processes, ensuring that customers can transition to EVs without financial burden.