CredR partners Techno Electra Motors for exchange of petrol 2-wheelers
Under the collaboration, whereas exchanging the previous two-wheeler, CredR will supply instantaneous quotes for previous petrol scooters thus decreasing the upfront value of Techo Electra e-bikes, the corporate stated in a press release.
Commenting on the partnership, CredR Chief Strategic Officer Sasidhar Nandigam stated India’s electrical mobility panorama goes to alter dramatically publish COVID-19 pandemic and the gross sales are anticipated to rise. As the gross sales of total two-wheelers will see a increase, there will even be an increase in gross sales of second-hand e-two wheelers.
“Currently, electric mobility contributes to less than 1 per cent of the two-wheelers market that can only increase from here. We are tremendously excited to partner with Techo Electra in bringing about this shift in the market,” he added.
Techo Electra Managing Director Prakash Bhootra stated the partnership with CredR will additional give a philip to the already rising electrical two-wheeler house.
“There is a large section who wants to exchange their old vehicles with new ones, it’s all about making it as convenient as possible to buy a Techo Electra,” he added.
During the exchange course of, clients will get an instantaneous value quote/estimate generated by the proprietary pricing software powered by CredR, which is able to confirm paperwork and the well being of the petrol model of the two-wheeler.
The exchange value will then be adjusted in opposition to the ultimate value of the brand new Techo Electra electrical two-wheeler. Currently, the programme is relevant in Delhi-NCR, Jaipur, Bangalore, and Pune and can quickly be expanded to different cities throughout India, the assertion stated.
