Manba Finance Launches EV Battery Replacement Loans for E-3Ws

Manba Finance Limited has launched a new product offering dedicated loans for the replacement of lithium-ion batteries in electric three-wheelers (e-rickshaws and e-carts). This initiative aims to support owner-operators by financing the single largest recurring expense, thereby protecting their livelihoods and deepening customer relationships. The loans are designed as small-ticket, short-tenure offerings aligned with the earning cycles of e-3W operators. Batteries will be sourced from quality-certified OEMs with warranties. The rollout will be phased, starting with existing customers and expanding to the wider market. This move aligns with Manba's strategy to offer products across the vehicle lifecycle and capitalize on the growing EV ecosystem in India.