PNB Partners with Mahindra Last Mile Mobility for Nationwide EV Financing Support

Mahindra Last Mile Mobility Limited (MLMML) has signed an MoU with Punjab National Bank (PNB) to offer comprehensive financing solutions for its portfolio of electric and conventional last-mile mobility vehicles.

With PNB’s wide reach across 10,000+ branches and strong presence in Tier-2, Tier-3, and rural markets, the partnership is expected to significantly improve access to EV financing, especially in emerging mobility corridors.

MLMML recently became India’s first manufacturer to surpass 3 lakh commercial EV sales, reinforcing its leadership in the last-mile mobility segment.

Suman Mishra, MD & CEO, MLMML, said the partnership will enable customers to obtain financing more conveniently while supporting the company’s mission of making advanced last-mile solutions widely accessible.
PNB MD & CEO, Ashok Chandra, noted that financing green mobility solutions aligns with the bank’s sustainability goals and customer-first approach.

MLMML offers a diverse line-up of electric, petrol, CNG and diesel vehicles for passenger and cargo applications, including popular models such as Treo, Zor Grand and Jeeto. PNB, established in 1894, continues to be a major public sector institution with a broad product suite and global presence.