India: Bajaj Finance Secures $400 Million Loan From IFC to Boost Electric Vehicle Sales

Source: The New Indian Express 

To help expand access to climate finance for electric vehicles (EVs) and energy-efficient consumer goods as well as to support women-owned microenterprises and women micro-borrowers, the International Finance Corporation (IFC) has partnered with Bajaj Finance, extending a $400 million loan to the company. This is part of the Pune-based company's $1-billion debt-raising plan.

The funding aims to increase competitiveness in the climate finance market, support the country’s climate goals, and promote financial inclusion, Bajaj Finance said in a statement Wednesday.