You are here: Home » Companies » News
Business Standard

Tata Power Solar partners Bajaj Finance for selling products

National financing tie-up will help make solar much more attractive and an affordable alternative: Company

Press Trust of India  |  New Delhi 

Tata Power Solar has partnered with Bajaj Finance to provide interest-free loan options for solar products of about Rs 2.5 lakh to consumers.

"This national financing tie-up will help make solar much more attractive and an affordable alternative to conventional power sources," Tata Power Solar said in a statement.

The interest-free EMI option will be applicable to all Tata Power Solar products across various categories, including solar lighting products, solar water heaters and power packs systems.

This option will provide instant credit processing for items below Rs 2.5 lakh, and will be initiated in the top 20 cities, across 10 states, in the first phase with a country- wide roll out over the next few months, the statement said.

"We have ensured that the offer is simple and without any hidden cost. There are a number of people who are hesitant to invest in solar due to the initial upfront cost. We are sure that this offer, with its strong financial incentive, will help people find our products very affordable," said Gagan Pal, Vice President - Products, Tata Power Solar.

"We have developed credit policies and created partnerships to ensure the customer goes through a simple, hassle-free and quick process. For the customer, this life-event should be about buying his desired device without having to worry about the money he may need," Devang Mody, President - Consumer Finance, Bajaj Finance Ltd said.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, July 17 2014. 17:46 IST