Penny Stock Under Rs 35: EV Two Wheeler Manufacturer Signs Merchant Agreement with Bajaj Finance Limited to Provide Loan Facilities for Customers
The shares of Tunwal E-Motors Ltd are trading at Rs 31.2, and the company has a high ROE of 52.4 per cent and a high ROCE of 82.2 per cent.
Tunwal E-Motors Limited, a prominent player in India’s electric two-wheeler industry, is excited to announce a business relationship with Bajaj Finance Limited, one of the country’s leading non-banking financial institutions. Through a newly signed Merchant Agreement, Bajaj Finance will offer loan facilities to customers purchasing vehicles from Tunwal E-Motors, making Tunwal E-Motors an authorized merchant under this arrangement. This initiative marks a major advancement in Tunwal's continuous commitment to improving the customer experience.
This collaboration comes at a key moment in India’s rapidly growing electric vehicle market, where the demand for eco-friendly, sustainable mobility solutions is matched by a growing need for convenience and financial support. By offering financing options directly at the point of sale, Tunwal E-Motors aims to provide a holistic ownership experience that not only focuses on high-quality electric vehicles but also offers customers peace of mind through easy access to financing.
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This new initiative aligns with Tunwal’s broader vision of creating a comprehensive electric mobility ecosystem. The company is committed to not only innovating vehicle design but also ensuring that the entire process, from purchase to ownership, is seamless and convenient for its customers.
Strategically, this relationship strengthens Tunwal’s market position, allowing the company to expand its reach in both urban and semi-urban areas. Furthermore, it supports India’s push toward greater electric vehicle adoption by addressing a crucial aspect of the total cost of ownership—vehicle financing—while reducing barriers for prospective EV buyers.
About Tunwal E-Motors Limited
Over the years, Tunwal E-Motors has demonstrated its commitment to quality, affordability, and sustainability, propelling the brand forward. From designing cutting-edge electric vehicles to establishing a strong industry presence, Tunwal EMotors has consistently pushed the boundaries of green mobility. Today, it stands as a pioneer in the EV industry, delivering products that combine futuristic design, topnotch performance, and eco-conscious engineering.
As of September 2024, the shareholding pattern of the company stands with Promoters holding a majority stake of 62.34 per cent, while Foreign Institutional Investors (FIIs) have a marginal holding of 0.02 per cent. The remaining 37.64 per cent is owned by the Public.
The shares of Tunwal E-Motors Ltd are trading at Rs 31.2, and the company has a high ROE of 52.4 per cent and a high ROCE of 82.2 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.