Manba Finance Limited — Updates, 18-11-2024: Press Release

Manba Finance Limited has signed a Memorandum of Understanding with Piaggio Vehicles Pvt Ltd to provide tailored financial solutions for new three-wheeler loans. This collaboration aims to facilitate low down payment options, competitive interest rates, and loan tenures of up to four years, supporting both internal combustion and electric variants. The partnership aligns with the growing demand for electric three-wheelers, which recently soared to 65,700 units in October, bolstered by festive season sales and a shift toward sustainable mobility. The agreement includes the formation of a central coordination team to manage product structuring and customer engagement. Notably, special financing provisions will be available for women entrepreneurs, enhancing inclusivity. This initiative further strengthens Manba Finance's role in the three-wheeler market while promoting digital lending solutions, reflecting its commitment to supporting small and large businesses in India's evolving financial landscape.