JSW MG Motor India partners with Ecofy for EV financing

NEW DELHI: JSW MG Motor India on Thursday said it has partnered with Eversource Capital-backed NBFC Ecofy to provide financing and leasing solutions for its electric vehicles.

The two companies have signed a Memorandum of Understanding (MoU) under which Ecofy will provide financing and leasing solutions for up to 10,000 JSW MG EVs over the next three years, it said in a statement.

This will include loan options and leasing arrangements across retail customers and B2B operators for the existing and forthcoming electric vehicles of JSW MG Motor India, the company added.