Loans for EVs no longer risky: Shriram Finance's Revankar
Mint Bangalore|December 30, 2024
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.

This story is from the December 30, 2024 edition of Mint Bangalore.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the December 30, 2024 edition of Mint Bangalore.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM MINT BANGALOREView All
Mint Bangalore

Indian Art May Be Poised for a Global Breakthrough

Early last year, Delhi-based Rohini Devasher became the first Indian to be recognised by Deutsche Bank as their 'Artist of the Year'. This led to her first major monographic exhibition, Borrowed Light, which opened in Berlin at the Palais Populaire in September and will be on display till early March.

time-read
3 mins  |
January 02, 2025
Mint Bangalore

Smart Gnomes, Evil Penguins and Stop-Motion

Wallace & Gromit Are Back for a Full-Length Adventure With a Familiar Foe

time-read
2 mins  |
January 02, 2025
Mint Bangalore

5 Contemporary Artists on the Books That Inspire Them

Leading Indian artists such as Shilpa Gupta, Anju Dodiya and Thukral & Tagra share their favourite recent reads

time-read
1 min  |
January 02, 2025
Mint Bangalore

Abandon Myopic Policies for the Common Global Good

Policies of the US, China and India Should Prioritize Long-Term Gains and Their People Must Push for It

time-read
3 mins  |
January 02, 2025
Mint Bangalore

Let's act now to create a resilient, adaptable and skilled workforce

Our demographic dividend, coupled with skills adapted for new opportunities, can give us a competitive advantage globally

time-read
3 mins  |
January 02, 2025
Mint Bangalore

The bar for successful obesity drugs has been rising sharply

Nothing else explains why Novo's stock fell after a drug test result

time-read
3 mins  |
January 02, 2025
Mint Bangalore

Our Consumption Study Doesn't Feed Policy Well

India's latest survey of household spending on consumption picks up significant trends but offers an unclear snapshot of upper-end expenses. Policy cues should be taken selectively

time-read
2 mins  |
January 02, 2025
Mint Bangalore

Manmohan's understated leadership set a fine example

His self-assured openness to all views was an inspiration for decision makers keen to resist groupthink

time-read
4 mins  |
January 02, 2025
Mint Bangalore

The Union Budget Should Focus on Lifting Consumption Growth

That is key, since investments haven't picked up, but there may be little fiscal space for big tax cuts

time-read
3 mins  |
January 02, 2025
Mint Bangalore

Rupee Slide: What It Means for India and Your Wealth

Investments must align with your objectives and risk appetite, not currency depreciation

time-read
3 mins  |
January 02, 2025