India’s electric vehicle (EV) revolution is accelerating due to government initiatives, environmental awareness, and technology breakthroughs. Reliable financing solutions are becoming increasingly important as the demand for EVs keeps growing. The leading EV financing providers in India that are essential to fostering the expansion of electric mobility are highlighted in this listicle. These businesses provide creative ways to lower the cost and increase the accessibility of EV ownership for both consumers and organizations. Let’s examine the major figures influencing EV finance in India. In India, car leasing has just lately gained popularity. For some, if you want to escape the hassle of a loan and EMIs, leasing is a better option than buying. Leasing a car is easy. All you need to do is pay each month, just like you would for the rental home. Although there is often a down payment, several businesses now offer a zero down payment option due to the fiercely competitive market.
(1) Revfin: 
One of the top online consumer loan platforms, Revfin, works to increase financial inclusion in India. Through its cutting-edge technologies and unconventional data analysis, Revfin provides people with easy-to-access lending solutions. By collaborating with Zappit to offer airport pickup services, Revfin has recently extended its offerings to the 4W EV market. Additionally, it has expanded its financing options and established a micro secondary market for EVs by working with other EV manufacturers and leasing firms.
(2) Mufin Green Finance (MGF): 
One of the leading companies in the EV finance market is Mufin Green Finance (MGF). Offering finance options for electric two, three, and four-wheelers is the company’s specialty. MGF provides fast loan disbursements, flexible payback plans, and low interest rates. MGF wants to encourage the use of EVs and help create a greener future by emphasizing sustainability and renewable energy.
(3) Greaves Finance: 
Greaves Finance Ltd., through its 100% ev-focused lending platform evfin, is India’s only ev-focused non-banking financial company (NBFC) and a wholly owned subsidiary of Greaves Cotton Ltd. With a mission to democratise the EV experience, Greaves Finance Limited, under its platform evfin, provides innovative financing solutions exclusively tailored to electric vehicle ownership, supporting the growth of sustainable mobility in India. For more information, visit www.evfin.co
(4) Ascend Capital: 
One of the top providers of financial services, Ascend Capital provides all-inclusive financing options for electric cars. Ascend Capital ensures a smooth experience for those wishing to buy EVs by offering end-to-end help throughout the financing process with a customer-centric approach. The business caters to the individual demands of its clients by providing flexible repayment plans, affordable interest rates, and individualized support.
(5) Ecofy: 
With an emphasis on offering accessible and reasonably priced finance alternatives for electric vehicles, Ecofy is a newcomer to the EV financing market. The business provides low documentation requirements, easy loan approvals, and competitive interest rates. By making financing alternatives more widely available, Ecofy hopes to hasten the shift to electric vehicles as part of its dedication to supporting sustainable mobility.
(6) ORIX: 
ORIX is the biggest automobile leasing firm in Japan and one of the most well-known in India. Also referred to as OAIS (ORIX auto infrastructure services), it has a large online presence and more than 20 branches throughout India.
ORIX operates as two individual subsidiaries in India:
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ORIX auto infrastructure services LTD. (OAIS):
This ORIX India division provides business transportation services, car rentals, and passenger car leasing. Operating leases, car rentals, My Choice self-drive cars, and business mobility and transportation solutions are the names of OAIS’s services.
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ORIX leasing and financial services India LTD:
This ORIX division primarily handles the group’s financial operations while providing commercial vehicle financing, equipment leasing, finance leases, and loans secured by real estate.
(7) Mahindra Finance: 
Beginning last year, Mahindra began leasing out its vehicles. It is more economical and easy to lease an automobile. One of the greatest places to lease a Mahindra vehicle is Mahindra Finance, which offers 24-hour service and competitive rates. The following will be included in the Mahindra Finance leasing option:
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Road tax, insurance, breakdown assistance, unplanned repairs, and maintenance expenses are all included in the lease price.
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The option to lease an automobile will be accessible in all major cities.
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Depending on the vehicle you choose, the leasing option will offer a less or no down payment.
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Depending on the package you select, additional services like insurance, comprehensive maintenance, roadside assistance, unplanned repairs, and a 24-hour replacement car will also be covered.
(8) AVIS Leasing: 
For the past 16 years, one of the most well-known auto leasing organizations has operated in India. Corporate car leasing and rentals are AVIS International’s primary business. The company primarily has luxury cars in its fleet because it serves corporate sectors.
- One of the top firms for corporate car leasing.
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AVIS is a high-end vehicle rental company with a fleet of more than 2500 luxury vehicles.
- Red carpet, premium, and executive leases are among the different packs.
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Fleet advice, quick mobility, vehicle acquisition, repairs and maintenance, pickup and drop, stay new plan, damage repair management, vehicle disposal, AVIS support, tire services, registration services, value added and accessory packs, insurance coverage, field technical support, and more are among the various services that AVIS provides.
(9) ALD Leasing: 
ALD Automobile is another brand that comes to mind when considering corporate leasing. A French corporation with 280 locations that serves more than 900 corporate fleets.
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The business offers tailored mobility solutions according to specific needs in addition to corporate leasing services.
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ALD ugo, ALD 6 wheel lease, ALD second lease, ALD smart, ALD smart 15, and ALD smart plus are among the solutions offered by the company.
(10) SMAS Auto Leasing India PVT LTD: 
The Sumitomo corporation’s Japanese subsidiary, Sumitomo Mitsui auto service (SMAS) limited, operates at more than 50 locations throughout India and maintains offices in six major cities.
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The business offers full-service leasing.
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Benefits including no down payment, tax savings, non-capitalization, maintenance outsourcing, increased liquidity, and vehicle disposal are also provided by the organization.
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Additionally, the business provides 100% auto financing, auto maintenance, value-added services, old used car enrollment, test drives, and insurance premium protection.
Conclusion:
The broad adoption of electric vehicles in India depends on the availability of trustworthy and reasonably priced financing solutions. Businesses that are leading the way in facilitating this shift by providing creative and client-focused financing options include Revfin, Mufin Green Finance, Greaves Finance, Ascend Capital, and Ecofy. Their work is crucial in encouraging people and companies to use electric vehicles, paving the way for India to have a more sustainable and greener future.
Many automakers have recognized this trend and have made it easier to acquire a car by offering the option of leasing. Additionally, some alluring leasing deals are being offered by brands like Mahindra, Skoda, Hyundai, and Maruti.It’s not as hard as you would think to lease a new car. With no down payment, lower monthly rent than EMI, and the freedom to choose, the automobile leasing market has been expanding over the past few years and is predicted to continue rising in the years to come.