Comments
Auto-rickshaw aggregator Jugnoo, which counts Paytm and Freecharge CEO Kunal Shah among its investors, today said it has tied up with Punjab National Bank (PNB) and Piaggio to help secure easy financing for auto rickshaws.
“Piaggio and PNB have decided to relax the auto financing requirements to secure easy and swift financing for new auto rickshaws,” Jugnoo said in a statement here.
The new financing offer will be rolled out in Chandigarh, Jaipur, Gurgaon and Indore in the first phase, it added.
“This collaboration shall be a step towards revolutionising employment with resources becoming more accessible and affordable,” the company’s Founder and CEO Samar Singla said.
The new auto rickshaws purchased through this scheme will be registered with Jugnoo that will help the auto drivers to cut down on their down time, resulting in additional revenue.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.