Loans for EVs no longer risky: Shriram Finance's Revankar

Financing electric vehicle (EV) purchases is no longer risky compared with about five years ago, as more established players are now manufacturing such vehicles and the zero-emission mobility ecosystem has grown in the country, Shriram Finance's executive vice-chairman Umesh Revankar said.

- Manas Pimpalkhare

"I do not see a risk in lending for electric vehicles now because I feel technology is getting established and becoming more reliable because of the presence of large and established manufacturers. Once large entities come and build technology, reliability and infrastructure, then automatically that industry goes for a big change. This is happening in the two-wheeler segment. Similarly, that is happening in three-wheeler. Now we can see that it will happen in four-wheeler also," Revankar told Mint in an interview.