Mangalam Industrial Finance Ltd. (MIFL), a prominent Non-Banking Financial Company (NBFC), is taking a significant step toward advancing green mobility in India with the introduction of its new Fleet Financing initiative. This program is designed to support the Indian government’s ambitious goal of reducing carbon emissions and promoting sustainability by providing financial backing for electric vehicle (EV) fleet operators across the country.
MIFL’s Fleet Financing initiative will focus on the growing demand for electric vehicles in commercial transport, offering tailored financial solutions for operators of electric buses, trucks, delivery vehicles, taxis, three-wheelers, and two-wheelers. With competitive financing terms and flexible repayment options, the initiative aims to make green mobility more accessible and affordable for fleet owners.
By launching this program, MIFL is contributing to the widespread adoption of electric vehicles, supporting India’s efforts to build a cleaner, more sustainable transportation network. This initiative aligns with the country’s broader environmental goals by helping reduce pollution and decreasing dependence on fossil fuels, ultimately paving the way for a greener future.
Mr. Venkata Ramana Revuru, Managing Director & Chairman of MIFL, commented, “Our commitment at MIFL is to be a key player in the green revolution, driving sustainable investments across India. With the rapid expansion of electric mobility, our new Fleet Financing initiative is a crucial step in empowering businesses to transition to electric vehicles, reduce emissions, and contribute to the country’s vision of a cleaner, greener future.”
MIFL’s financing solutions will be customized to meet the needs of individual fleet operators, offering long-term repayment plans, competitive interest rates, and a simplified documentation process. The company’s team of experts will provide support throughout the transition, ensuring a smooth process for businesses adopting electric fleets.
Mangalam Industrial Finance Ltd. (MIFL) is a leading financial services provider known for offering innovative and sustainable financing solutions across various sectors. With a focus on promoting clean energy and electric mobility, MIFL is committed to driving India’s sustainable future through forward-thinking financial products.
