Astranova says EV lender gets RBI approval; ₹5,000 crore target

In this short

• VEHICLE FINANCE Astranova EV lender gets reported RBI approval The reported move targets financing for commercial electric vehicles, but no new loan terms are public.
• WHAT CHANGED A new commercial EV finance arm Astranova says NovaFusion Capital has approval to operate as a non-banking financial company.
• THE TARGET Five-year financing plan ₹5,000 crore The company says the planned financing would focus primarily on electric vehicles used by commercial…
• WHAT IS NOT PUBLIC Rates and terms are pending The announcement does not publish interest rates, repayment tenures, eligibility rules or rollout geography.
• READ THE FULL STORY Check the all-in fleet cost Compare financing, charging, maintenance, insurance and vehicle utilisation before treating any EV proposal…
• READ THE FULL STORY Get the full breakdown Sources, numbers and what to watch next.