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Consumers Are Loving Electric Vehicles, Financiers Not So Much
Lenders' reluctance to finance electric two- and three-wheelers is threatening to stall the nascent growth of India's EV industry.
13 May 2022, 06:08 PM IST
When Puneet Chaudhary decided to get a sub-dealership of Kinetic Green, which sells electric three- and two-wheelers, he expected a swift takeoff in sales as customers are more inclined toward electric mobility amid rising fuel costs. He gets seven-eight inquiries a day. But a year and a half later, he has sold only eight three-wheelers.“Demand is neither a problem today, nor was when we started off. It’s the financing hurdle that ha...
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