Manba Finance Limited — Important, 18-11-2024: General Updates

Manba Finance has signed a Memorandum of Understanding with Piaggio Vehicles Pvt Ltd, aiming to extend financial assistance for new three-wheeler loans to eligible borrowers. This collaboration offers customized financing options, featuring low down payments, competitive interest rates, and flexible loan tenures of up to four years.

A dedicated central coordination team will ensure efficient execution, focusing on product structuring and communication. The partnership aligns with rising demand for electric three-wheelers, with October's sales hitting 65,700 units, driven by festive purchasing and sustainable mobility trends. Special financing initiatives for women entrepreneurs highlight inclusivity objectives, supporting India’s transition to electric vehicles while fostering entrepreneurship.

With an AUM exceeding ₹1,106 crore as of September 30, 2024, Manba Finance remains committed to customer convenience through a seamless digital onboarding process, further enhancing its footprint in the three-wheeler segment. This strategic tie-up not only strengthens product offerings but also positions Manba Finance as a key player in India’s evolving mobility landscape.