GT Force and ESAF Small Finance Bank Collaborate to Enhance Electric Two-Wheeler Financing
GT Force, a leader in electric two-wheeler manufacturing, has entered into a strategic partnership with ESAF Small Finance Bank to offer retail finance solutions for its customers. This collaboration is set to make it easier and more convenient for potential buyers to purchase GT Force’s electric two-wheelers.
ESAF Small Finance Bank, based in Thrissur, Kerala, is renowned for providing banking services and small loans to the underbanked, making it an ideal partner for GT Force in reaching a wider customer base. This initiative allows people from various backgrounds to apply for financing, transforming the dream of owning an electric vehicle (EV) into a reality.
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“In addition to incentives, having strong financing options is crucial in helping customers transition smoothly from conventional ICE vehicles to eco-friendly alternatives that meet their mobility needs. Understanding that a significant portion of two-wheeler sales relies on financing options, our partnership with ESAF Small Finance Bank is a vital step in making our electric vehicles more accessible to a broader audience. This collaboration is also expected to boost our sales growth during our expansion phase.”
Mr. Mukesh Taneja, Co-Founder and Managing Director of GT Force.
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“Our dealers across states will play a key role in ensuring a seamless experience for customers, from educating them about financing options to providing exceptional after-sales service.”
Mr. Mukesh Taneja, Co-Founder and Managing Director of GT Force.
“We are thrilled to partner with GT Force to enable the purchase of electric two-wheelers through our retail finance solutions. This collaboration aligns with our commitment to supporting sustainable and eco-friendly initiatives while promoting financial inclusivity for the underbanked segments in the EV market. We believe our robust financial offerings will empower more individuals to adopt environmentally friendly transportation, contributing to a cleaner and greener future.”
A Senior Management spokesperson from ESAF Small Finance Bank.
EV enthusiasts now have the opportunity to finance GT Force’s latest range of electric two-wheelers, catering to both low and high-speed preferences. The GT Vegas, priced at Rs 55,555 (ex-showroom), features a 1.5 kWh battery pack, offering a range of up to 70 km. For those seeking greater range, the GT Ryd Plus, priced at Rs 65,555 (ex-showroom), comes with a 2.2 kWh battery pack with a range of 95 km. The GT One Plus Pro, priced at Rs 76,555, is equipped with a 2.5 kWh battery, extending the range to 110 km. The flagship model, GT Drive Pro, priced at Rs 84,555, shares similar features and specifications with the One Plus Pro.
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GT Force products are available through its 35 outlets across multiple states, including Madhya Pradesh, Uttar Pradesh, Rajasthan, Punjab, Haryana, Chhattisgarh, and Delhi-NCR. To further enhance accessibility, GT Force plans to establish a total of 100 dealership showrooms by the end of 2024. Each showroom will be equipped with comprehensive infrastructure following the 3S model, which includes sales, service, and spare parts support.
