Srinagar- In line with sustainable financing practices, J&K Bank Thursday signed a Memorandum of Understanding (MoU) with Okaya EV Pvt. Ltd. for financing electric two-wheelers manufactured and marketed by the company. As per the agreement, J&K Bank shall be the preferred financial partner for Okaya EV offering suitable financing solutions to prospective customers for the purchase of different variants of electric two-wheeler.

Deputy General Manager Arshad Hussain Dar put in signatures on behalf of the Bank, while as, Zonal Manager (North) Rohit Kumar signed the agreement representing Okaya EV in the presence Bank’s General Manager Narjay Gupta here at the Bank’s Corporate Headquarters.

Commenting upon the importance of such tie-ups, General Manager Narjay Gupta said, “In line with the growing national focus on energy efficiency that envisages fulfilling at least half of its energy requirements via renewable energy by 2030, we have been entering into tie-ups as part of a significant journey towards promoting electric mobility while ensuring the high level of customer satisfaction that J&K Bank is known for.”

Speaking on the occasion, DGM Arshad Hussain Dar said, “The MoU marks the inception of a promising journey where the financial aspirations and mobility dreams of our customers converge. With competitive interest rates and convenient loan approvals, we aim to facilitate a seamless transition to electric vehicles through this partnership thereby contributing to a greener and cleaner future”, he added.

“We are thrilled to partner with J&K Bank in this landmark agreement. This MOU represents the beginning of an exciting journey where we are committed to empowering consumers with innovative electric mobility solutions. Through this collaboration, Okaya Electric Vehicles aims to provide customers with user-centric and environmentally friendly options, ensuring a seamless transition to a cleaner and greener future. We look forward to redefining the way people experience the world of electric vehicles together.” said Dr. Anshul Gupta, Managing Director, Okaya EV.


Please enter your comment!
Please enter your name here