Asia
Manba Finance Launches Battery Replacement Loans for Electric Three-Wheelers
Manba Finance (NSE:MANBA, BOM:544262) has launched a financing product for replacement lithium-ion batteries used in electric three-wheelers.The offering provides small-ticket, short-tenure loans for battery and charger kit replacements, targeting e-rickshaw and e-cart owner-operators, according to a Wednesday Indian bourse filing.The non-banking finance company will initially roll out the product to its existing electric three-wheeler customer base across select locations, with a broader expansion planned based on portfolio performance and market response.
BOM:544262NSE:MANBA
