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Tunwal E-Motors Limited has entered into a standard merchant agreement with Bajaj Finance Limited to offer financing options for its electric two-wheeler customers. The agreement was formalized on April 10, 2025, as per a regulatory filing submitted to the National Stock Exchange of India.
Under the terms of the agreement, Tunwal has been onboarded as an authorized merchant within Bajaj Finance’s existing loan facility program. This partnership will enable customers to avail flexible financing solutions directly at Tunwal dealerships across India.
The company clarified that the agreement does not affect its management or control structure and does not create any additional liabilities for the listed entity.
Financing partnerships of this nature are common in the automotive sector, with manufacturers and dealers often collaborating with multiple financial institutions to enhance customer accessibility and drive sales.
Tunwal E-Motors, formerly known as Tunwal E-Motors Private Limited, is a growing electric two-wheeler manufacturer with operations in Maharashtra and Rajasthan. The company operates a manufacturing unit in the State Industrial Development Corporation Ltd. industrial park located in Sikar, Rajasthan, and is headquartered in Pune, Maharashtra.
Bajaj Finance Limited, a subsidiary of Bajaj Finserv, is one of India’s leading non-banking financial companies (NBFCs). The company offers a wide range of financial products including consumer and commercial lending, insurance, and investment services. Renowned for its digital-first approach and strong retail network, Bajaj Finance frequently partners with manufacturers and retailers to provide point-of-sale financing solutions across various sectors.
