The arrangements are for providing financing solutions to customers purchasing electric vehicles through the authorized dealer networks of both companies. The objective is to expand the Company's retail lending business in the electric vehicle financing segment by offering loan facilities to eligible customers, subject to the Company's internal credit appraisal policies and applicable regulatory requirements.
The Company believes these arrangements will strengthen its presence in the electric vehicle financing segment, enhance customer reach, and support the growth of its retail loan portfolio.
The arrangements have been entered into in the ordinary course of business and are not related party transactions. None of the Promoter, Promoter Group or Group Companies has any interest in these arrangements.
The disclosure was signed by Sonia, Company Secretary and Compliance Officer, on July 27, 2026 at 16:26:49 IST.