BYD Partner With ICICI Bank To Offer Finance Options | V3Cars

BYD India is a subsidiary of BYD, which is a Chinese electric vehicle manufacturer. Currently, BYD India only sell the E6 5-seater electric MPV in India. However, they are all set to launch the Atto 3 electric SUV in India on October 11.

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BYD already offer the Atto 3 in Australia with 2 battery pack options — 49.92kWh and 60.48kWh. The combined WLTP-certified range for the 2 powertrain options stands at 345km and 420km, respectively. However, we are not sure whether BYD will offer the Indian version with the same battery packs or a different one.

The Atto 3 will rival the likes of the MG ZS EV, Hyundai Kona EV, Mahindra XUV400 and the Tata Nexon EV Max. However, it will be the longest and widest electric SUV in the segment. We expect the Atto 3 to cost between Rs. 22 lakh and Rs. 25 lakh upon launch. As BYD are all set to launch a new product, this partnership could help a lot of new customers in financing their car.

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Commenting on the tie-up, Mr. Hemant Nagpal, Product Head- Vehicle Loans & Dealer Funding, ICICI Bank, said, “We at ICICI Bank believe that electric vehicles will contribute significantly to create sustainable and environment-friendly mobility ecosystem. We are delighted to partner with BYD to provide comprehensive financial solutions to its dealers and retail customers. Our partnership is a step towards enabling a greener India.”

Mr. Sanjay Gopalakrishnan, Sr Vice President - Electric Passenger Vehicle Business - BYD India, said, “With the tie-up with ICICI Bank, we are a step closer towards building a strong sustainable ecosystem, where our dealers will have more access to financing solutions. While we contribute to the country’s EV adoption, we also want to enhance our customers' purchase experience along with good finance options. We have recently started our dealership across key markets in India and are all set to get further closer to our customers and are happy that this tie up will help our customers make the right choice for a sustainable drive.”

Also Read: BYD Atto 3 Launch Set For October 11