Omega Seiki Mobility Teams Up With PNB To Enhanced Vehicle Financing
Omega Seiki Mobility (OSM), on Thursday, signed a MoU (Memorandum of Understanding) with Punjab National Bank (PNB) to enhance dealers and vehicle financing.
During this partnership, Omega Seiki Mobility has financed 8000 electric vehicles, amounting to a disbursement of INR 350 crores, to date.
Looking ahead, the company has ambitious plans to finance an additional 7500 electric vehicles, with a total value of INR 300 crores, over the next three years.
Providing low-cost innovative financing options for both rural and urban customers is crucial in driving widespread adoption and promoting sustainable mobility in the electric vehicle industry.
Rural areas benefit from reliable and cost-effective transportation, which is vital for socio-economic development. Lowering the interest rates for financing encourages a broader segment of society to embrace electric mobility, supporting India's sustainable development goals. OSM will also increase the penetration in the EV ecosystem.
Uday Narang, Founder and Chairman of Omega Seiki Mobility, said, "This partnership is not just about numbers; it's about fostering a profound shift in how we perceive and access sustainable transportation. Our mission is clear: We aim to provide more than just financing options; we're building a bridge to a greener, more inclusive future for every Indian.”
He added, " As we tap into the extensive network of the bank's branches across the nation, we're expanding the horizons of electric vehicle ownership. This partnership doesn't merely enable transactions; it's about empowering individuals, families, and communities. It's about giving wings to aspirations and turning them into reality."
Amitabh Rai, DGM- MSME, Punjab National Bank said, “Under this partnership, PNB customers can now access exclusive and affordable financing options for electric 3-wheelers (Both passenger & cargo loaders) from Omega Seiki Mobility.”
Rakesh Ranjan, Head of Retail Finance at Omega Seiki Mobility, highlighted the significance of the partnership, "Our mutual endeavours to empower customers through seamless access to finance for electric vehicle purchases create a unique and unprecedented proposition, fostering a robust ecosystem for electric mobility adoption. As we look ahead, our collective pursuit extends beyond mere commercial success. We envision a future where electric mobility transcends mere transportation and becomes a catalyst for positive social change. In synergy with Punjab National Bank, we aspire to empower rural India with cleaner and more efficient transportation options, propelling socio-economic development and reducing carbon footprints."
With a commitment to catalyse positive transformation, Omega Seiki Mobility and Punjab National Bank are poised to set an unparalleled standard for sustainable mobility within the nation. This dynamic partnership not only strives to create a cleaner, greener future for India but also aspires to galvanize fellow organizations to unite in forging an environmentally conscious and economically viable path forward. Together, they embody a visionary approach, where shared values harmonize with technological innovation and financial inclusivity, forging a trail towards a more eco-friendly, prosperous, and inclusive India.
