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How To Update Bank Account Details In EPFO: Step By Step Guide

Key Highlights

  • Provident fund services can be accessed online
  • EPFO website helps with all PF-related services
  • Bank account must be updated accurately for the funds

EPFO (Employee Provident Fund Organization) is the government regulatory board that facilitates and manages all the pension/ insurance schemes for the Indian citizens. This organization is widely offering its services online on its official website (EPFO) ranging from PF balance check to update bank account and other profile details. Updating your accurate records on the EPFO portal ensures you get all the timely benefits. And when we speak of the records, they include personal details such as bank accounts, phone number, address, and others. In one of our previous articles, we guided you with the steps to check the PF balance with and without the UAN number. And in this article, we are sharing the guide to update bank account details on the EPFO website.

For the tech geeks, stay updated with the latest cutting-edge gadgets in the market, exclusive tech updates, gadget reviews, and more right on your phone’s screen. Join Giznext’s WhatsApp channel and receive the industry-first tech update.

Steps To Update Bank Account In EPFO Website

Step 1: Open EPFO official website. You can also click on this link to visit EPFO directly.

Step 2: Go to the Services tab and select “For Employees”

Step 3: Click on the ‘Members Passbook’ option

Step 4: A new page will open up. Sign-in using your verified credentials

Step 5: Select the KYC tab from the dropdown menu

Step 6: Now, select your bank and enter the primary details such as bank account number, name, and IFSC code.

Step 7: Tap on save.

Once you perform all of the above steps, a request will be sent to the EPFO officials for verifications. You bank account will be updated once the request is approved from the officials.

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Auto Tech Featured

Ola Gig, S1 Z To Be First E-Scooters Featuring New Bharat 4680 Cells

Key Highlights

  • Bhavish Aggarwal confirms new details related to Ola Gig and S1 Z e-scooter range
  • Both e-scooter lineup to be equipped with new Bharat 4680 cell
  • Availability tipped for April 2025

Ola Electric despite all the hurdles including massively dropping sales and market shares decided to expand it portfolio in India. Just a week ago, the company introduced two new electric scooter lineups called the Ola Gig and the Ola S1 Z. The former is designed to be the last mile ride solution, while the latter is introduced as the affordable urban mobility solution. Both Ola Gig and the S1 Z electric scooter range have already gone up for pre-orders and will be available starting at just Rs. 39,999. Now, Ola Electric’s CEO, Bhavish Aggarwal has revealed a crucial detail related to the new Giz and S1Z e-scooters’ battery cells. Here are the details:

For the tech geeks, stay updated with the latest cutting-edge gadgets in the market, exclusive tech updates, gadget reviews, and more right on your phone’s screen. Join Giznext’s WhatsApp channel and receive the industry-first tech update.

Also Read: Honda Postpones Activa Electric Deliveries For Select Cities: Here’s Why

Ola Gig, S1Z E-Scooters To Be First To Equip Bharat 4680 Cells

Ola Electric’s CEO, Bhavish Aggarwal took to microblogging platform X (formerly Twitter) to confirm latest developments surrounding the Gig and S1Z e-scooter models. Aggarwal has revealed that both the Ola Gig and S1Z electric scooter lineups will be the first to be powered by the Bharat 4680 cells.

Just for reference, the Bharat 4680 cells are the type of the lithium-ion battery cell that have been developed by Ola Electric. These are high-energy density battery cells which will support faster charging speeds and also offer longer riding range stats.

Also Read: Ola Electric Introduces S1 Z, Gig Series E-Scooters: Booking Started At Rs. 499

Ola S1 Z, Gig Electric Scooter Range Availability

In the same post on X, Bhavish Aggarwal has revealed that the new e-scooter lineups, i.e., the Ola Gig and the Ola S1 Z electric scooters will be available starting April 2025. The company has already started taking pre-bookings for the latest electric scooters via official website at just Rs. 499.

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Auto Tech Featured

New Bajaj Chetak E-Scooter Debuting This Month: Upgrades Worth Checking

Key Highlights

  • Next-gen Bajaj Chetak electric scooter launching soon
  • Debut set for this month itself
  • Will follow same design approach as the outgoing model
  • To be built on a new chassis

Bajaj Auto started its venture into the E2W segment with the iconic Chetak electric scooter’s launch. The company had introduced the first model back in 2020 and has seen a successful run until now. To strive through the tough competition, Bajaj recently revealed its plan to introduce a new Chetak electric scooter. The timeline is also revealed as to when the upgraded Chetak electric scooter finally breaks covers in India.

For the tech geeks, stay updated with the latest cutting-edge gadgets in the market, exclusive tech updates, gadget reviews, and more right on your phone’s screen. Join Giznext’s WhatsApp channel and receive the industry-first tech update.

Also Read: Lectrix Nduro Electric Scooter Launched With Up to 117 Km Range Launched: Starts At Rs. 59,999 With BaaS On Flipkart

Updated Bajaj Chetak E-Scooter India Launch This Month

Bajaj is all set for the launch of the updated Chetak electric scooter this month. The company is expected to add the Chetak 2903 e-scooter model to its portfolio. This upcoming Chetak e-scooter model will be positioned above the Chetak 2901 e-scooter model and is expected to feature multiple upgrades in terms of hardware and features.

Bajaj had earlier clarified that it’s developing a new platform for the upcoming Chetak e-scooter. This platform will be powering the Chetak 2903 and will allow the company to use a new chassis. The Chetak 2903 e-scooter is also expected to come equipped with a bigger battery pack compared to the Chetak 2901 variant. However, the capacity and other details are under the wraps at this point.

Just for reference, the outgoing Chetak e-scooter lineup offers a riding range between 123 to 137 km per charge (range as per the variants). The upcoming 2903 variant might deliver slightly higher range figures if it equips a bigger battery pack than the existing models.

Reports indicate that the Chetak 2903 e-scooter might not come with any major design overhaul. That’s considering the Chetak’s design is widely accepted as practical and modern. It might, however, introduced with new color options.

Also Read: Honda Postpones Activa Electric Deliveries For Select Cities: Here’s Why

Bajaj Chetak 2903 Electric Scooter Expected Pricing And Availability In India

Currently, Bajaj has not revealed the launch date or the delivery timeline for the Chetak 2903 e-scooter. However, its official debut is expected sometime around mid or late December 2023. The price range could fall within the bracket of Rs. 1 lakh – Rs. 1.20 lakh.

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Auto Tech Featured

Ather Energy Launches ‘Gold’ Premium Service Centre Range

Key Highlights

  • Ather Gold service facility introduced
  • To offer premium servicing experience to its customers
  • First centre inaugurated in Nashik
  • Ather Gold service centers will also offer luxurious amenities

Ather Energy is ramping up its process of providing a class-leading experience with electric scooter services and maintenance. Just a while ago, the E2W startup launched Ather Care service packages for the 450 and Rizta electric scooter owners. And Now, the brand has come up with another premium servicing expereince for its customers. Called Ather Gold, the latest service centers will be providing a premium experience to all Rizta and 450 series consumers. What all are the benefits the new premium Ather Gold service centres will offer to the masses? Let’s find out:

For the tech geeks, stay updated with the latest cutting-edge gadgets in the market, exclusive tech updates, gadget reviews, and more right on your phone’s screen. Join Giznext’s WhatsApp channel and receive the industry-first tech update.

Also Read: Hero Vida V2 E-Scooter Launched In India: Starts At Just Rs. 96,000

Ather Gold Service Centers: Special Benefits For Ather 450, Rizta E-Scooter Customers

Ather Energy has launched its latest chain of service centers called ‘Ather Gold’. This new service chain is introduced to offer premium services to the customers. Customers will be able to avail multiple high-end services such as upgraded processes for repairs and complete servicing within just 60 minutes.

Ather not only is aiming to provide a fast and efficient servicing experience with these Gold service centers but an overall enhanced customer experience. All Ather Gold service centers will have highly trained staff. Ather will get their training done by the professionals of its core team in Bengaluru. Ather will be keeping a strong check on both soft skills and technical guidance for these staff members.

Ather has revealed that the customers visiting the Gold service centers will be able to get their e-scooters serviced within 60-minutes. This will be a part of the upgraded ‘ExpressCare” process. Additionally, Ather will be offering all the luxurious amenities ranging from a theme-based comfortable customer lounge and more.

Also Read: Honda Postpones Activa Electric Deliveries For Select Cities: Here’s Why

Ather Gold Service Center Locations

Ather Energy has kicked off the premium service network from Nashik. The company has not yet revealed the list of the cities where it plans to open more Gold service centre chains. But the developments are likely to be clear going forward.

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Auto Tech Featured

Hero Vida V2 E-Scooter Launched In India: Starts At Just Rs. 96,000

Key Highlights

  • Vida V2 e-scooter range launched
  • Three variants introduced
  • Price starts at Rs. 96,000

Hero MotoCorp has expanded the Vida e-scooter range with the launch of V2 series in India. The latest lineup brings along three variants featuring similar performance output and design but different top speed. Hero has launched the successor to the Vida V1 series with a starting price of Rs. 96,000 in the country. Let’s take a look at the top highlights of the latest Vida V2 e-scooter range:

For the tech geeks, stay updated with the latest cutting-edge gadgets in the market, exclusive tech updates, gadget reviews, and more right on your phone’s screen. Join Giznext’s WhatsApp channel and receive the industry-first tech update.

Also Read: Lectrix Nduro Electric Scooter Launched With Up to 117 Km Range Launched: Starts At Rs. 59,999 With BaaS On Flipkart

Hero Vida V2 Series: Variants, Powertrain, And Fetaures

Variant Hero Vida V2 Lite Hero Vida V2 PlusHero Vida V2 Pro
Power 8 bhp8 bhp8 bhp
Torque 25 Nm25 Nm25 Nm
Battery 2.2 kWh3.44 kWh3.94 kWh
Range 94 km 143 km 165 km
Top Speed69 kmph 85 kmph90 kmph

As tipped earlier, Hero MotoCorp has launched three variants of the Vida V2 namely the Vida V2 Lite, Vida V2 Plus, and the Vida V2 Pro. The Vida V2 Lite is the low-end variant in the new lineup which has been equipped with a 2.2 kWh battery pack.

This variant offers an IDC-claimed range of up to 94 km on a single charge with the battery pack taking 3.3 hours for a 0- 80 percent refuel. The Vida V2 Lite also happens to the lightest variant in the new series weighing at just 116 kg and offers Eco and Ride.

On the Other hand, the V2 Plus which is the mid trim equips a slightly bigger 3.44 kWh battery pack and delivers a better range of 143 km per charge (IDC range). This model will take 5.15 hours to get a charge from 0- 80 percent. It is also heavier than the Vida V2 Lite at 124 kg. Riding modes offered by the Vida V2 Plus are Eco, Ride, and Sport.

Coming to the top-end variant, the Vida V2 Pro, it gets the largest battery pack of 3.94 kWh and offers a rage of 165 km (IDC-claimed). The battery pack of this variant will take 5.15 hours for a 0-80 percent charge. Top-speed of all three models also vary with the base model offering a 69 kmph, the mid and top trims delivering 85 kmph and 90 kmph top speeds respectively.

Also Read: Honda Postpones Activa Electric Deliveries For Select Cities: Here’s Why

Hero Vida V2 Lite, Vida V2 Plus, Vida 2 Pro Price In India

The Hero Vida V2 is the most affordable variant in the new series priced at Rs. 96,000 (ex showroom), while the Vida V2 Plus is priced at Rs. 1.15 lakh (ex showroom). The Vida V2 Pro is the top-end variant which is priced at Rs. 1.35 lakh (ex showroom).

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Auto Tech Featured

2025 Bharat Mobility Global Expo: Schedule, Expected EVs To Be Showcased

Key Highlights

  • Bharat Mobility Global Expo 2025 kicktarting soon
  • Event starts on January 17th and will end on January 22nd
  • Hyundai, MG, Maruti EV models confirmed to be showcased at the event

Bharat Mobility Global expo, the annual auto mobility show is all set to. kick start from next month in India. The grand event will be the centerstage for some of the popular auto brands to showcase their latest models. And since EV is the future of mobility, we expect multiple new electric two and four wheelers to break covers during the upcoming Bharat Mobility Global Expo 2025. Here are some of the confirmed and expected EV models that are getting showcased at the event.

For the tech geeks, stay updated with the latest cutting-edge gadgets in the market, exclusive tech updates, gadget reviews, and more right on your phone’s screen. Join Giznext’s WhatsApp channel and receive the industry-first tech update.

Also Read: Giznext Exclusive Interaction: MG Motor’s Chief Growth Officer Explains BaaS Battery Rental Concept

MG Cyberster EV

MG Motors is amongst the confirmed exhibitors which will be showcasing its most powerful electric four wheeler. The MG Cyberster electric convertible sports car will be debuting at the Bharat Mobility Global Expo as confirmed by the brand itself. This upcoming sports electric car could be introduced with a 64 kWh battery and an AWD drivetrain option.

Also Read: Tata Sierra EV India Launch Preponed? 2025 Debut Tipped

Tata Sierra EV

Another upcoming electric SUV which is highly anticipated getting showcased at the Bharat Mobility Global Expo 2025 event is the Tata Sierra EV. This iconic SUV is getting revived finally in an all electric avatar. A while ago, reports suggesting its delayed launch surfaced online but seems like we will get the glimpse of the production-ready unit at the event.

Also Read: Mahindra XEV 9e Launched In India: Curv EV Rival Priced Starting At Rs. 21.90 Lakh

Maruti Suzuki e Vitara

Maruti Suzuki is also expected to showcase the eVitara electric SUV at the Bharat Mobility global expo. This is the eVX concept whose eVitara badging was confirmed recently. The eVitara is expected to come equipped with a 49 kWh and a 61 kWh battery pack options and both single motor and dual motor AWD setup.

Also Read: Tata Harrier EV March 25 India Launch Confirmed

Hyundai Creta EV

Hyundai is also expected to showcase its upcoming electric SUV. The brand’s first mid-size eSUV, the Creta EV is due for 2025 launch in India and is expected to be showcased at the Bharat Mobility Expo 2025.

Also Read: Honda Postpones Activa Electric Deliveries For Select Cities: Here’s Why

2025 Bharat Mobility Global Expo

The 2025 Bharat Global Mobility Expo will be commencing next month from January 17. This will be a five day long event that will conclude on January 22, 2025. The event is scheduled to take place at Baharat Mandapam, New Delhi.

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Auto Tech Featured

Ather Customer Sets E-Scooter On Flames Outside Showroom

Key Highlights

  • Another frustrated customer sets e-scooter ablaze
  • Incident reported from Chennai
  • This time Ather under radar

Ownership experience going haywire is seems to be the new trouble for E2W customers. And its not just Ola that’s taking all the heat. Another popular brand, Ather Energy has also been scrutinized consistently for bad after sale services and unwanted breakdowns. In one such recent incident, an Ather customer took matters in his own hands setting up his electric scooter on fire right outside the showroom. Here’s what happened:

For the tech geeks, stay updated with the latest cutting-edge gadgets in the market, exclusive tech updates, gadget reviews, and more right on your phone’s screen. Join Giznext’s WhatsApp channel and receive the industry-first tech update.

Also Read: Lectrix Nduro Electric Scooter Launched With Up to 117 Km Range Launched: Starts At Rs. 59,999 With BaaS On Flipkart

Why Ather Customer Set His E-Scooter Ablaze?

We have came across numerous reports where e-scooter owners have been dissatisfied with post-sale services. This specifically has been the case with Ola where the brand has even received notice from the CCPA authority. But Ather Energy has also been following closely where its customers have routed to social media platforms numerous times to narrate their bad experiences with scooter breakdowns and after sales services.

In the latest scenario, the customer hailing from Thirumullaivayal set up his Ather electric scooter on flames right outside the showroom. The customer reportedly has been experiencing issues with after sales services without any proper resolution or fix being provided for the e-scooter.

The customer named Parthasarathy, stated that he was forced to visit service centers multiple times for the same issues which persisted right from the begining of the e-scooter’s purchase. Even after several attempts and visit to the service center, there was no fixed resolution that was given to the customer.

Upon getting no solution for the issues despite frequent service centre visit, the customer finally took his e-scooter outside Ather showroom in Ambattu, Chennai and set it on flames. However, the bypassers alarmed due to the situation took matters in their own hands and extinguished the fire. The video of the incidence has been doing rounds online since then highlighting the troubles an E2W owner has to go through after the purchase.

Also Read: Ather Care Service Plans Introduced Starting At Rs. 1,130

Ather’s Response On The Matter?

While there is no direct response from Ather on the matter yet, the showroom staff was prompt to address the issue on the scenario. The e-scooter was apparently taken for an inspection to asses the damages.

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Auto Tech Featured

Hero Vida V2 Lite Affordable E-Scooter To Launch Soon In India: Battery, Range, And More

Key Highlights

  • New Hero Vida budget scooter in works
  • Will be called Vida V2 Lite
  • Expected to come with single 2.2 kWh battery option
  • Could offer up to 64 km range

Hero MotoCorp is an active player in the E2W market in India and has grabbed hold of the market with the Vida e-scooter range. Following the Vida V1’s successful run, the company is now set to introduce the next-gen Vida V2 series. The upcoming Vida V2 series will be offering three different models out of which the V2 Lite will be the most cheapest model. Details surrounding this most affordable Vida V2 electric scooter has surfaced online.

Also Read: Lectrix Nduro Electric Scooter Launched With Up to 117 Km Range Launched: Starts At Rs. 59,999 With BaaSn On Flipkart

Hero Vida V2 Lite E-Scooter: Powertrain Expected?

Vida V2 LitePowertrain (Expected)
Motor 3.9 kW
Battery2.9 kWh
Range Up to 64 km
Top SpeedUp to 69 kmph
Charging time 0-80 percent in 3.5 hours

Hero Vida V2 Lite is debuting as the most affordable electric scooter in the upcoming series. An exclusive report online reveals the crucial details of the upcoming Vida electric scooter which includes the powertrain and other key features. The Vida V2 Lite will be the entry-level variant alongside the Vida V2 Pro and the V2 Plus models.

According to the report, the Vida V2 electric scooter will be powered by a 3.9 kW electric motor which will linked with a 2.9 kWh battery pack. It is expected that the Vida V2 Lite will be introduced with this single battery option. The range expected on a full battery charge is up to 64 km.

The report shares additional insights such as a top speed of up to 69 kmph and battery charging time from 0- 80 percent in three and half hours. The entry-level Vida V2 Lite electric scooter model will be using disc brakes at the front and a drum brake setup at the rear. Suspension duties on the Vida V2 Lite will be handled by the telescopic front shock absorbers and monoshock rear absorber.

Also Read: Oben Electric Set To Expand With New E-Motorcycle: Budget And Premium Models Expected

Vida V2 Other Key Features

The Hero Vida V2 is also expected to be loaded with multiple modern features such as cruise control, keyless operations, incoming call alerts, and Crusie control, etc. This e-scooter is further tipped to be introduced with multiple color options such as Matte Abrax Orange. GLossy Sports Red, Glossy Black, and Matte White.

Categories
Auto Tech Featured

Lectrix Nduro Electric Scooter Launched With Up to 117 Km Range Launched: Starts At Rs. 59,999 With BaaS On Flipkart

Key Highlights

  • Lectrix Nduro electric scooter launched
  • Comes in dual trims with
  • Offers up to 117 km range per charge
  • Can be purchased via Flipkart
  • Price starts at Rs. 59,999 via BaaS (Battery as a Service) package

Lectrix EV has added a new electric scooter model to its portfolio. Called the Lectrix Nduro, the latest entrant from the brand which is offered in dual trims and multiple smart connectivity features. The Lectrix Nduro electric scooter is introduced starting at Rs, 59,999 via Flipkart and with BaaS (Battery as a Service) rental package.

Also Read: Oben Electric Set To Expand With New E-Motorcycle: Budget And Premium Models Expected

Lectrix Nduro Electric Scooter Key Features And Powertrain

The Lectrix Nduro electric scooter has been introduced in dual trims which include the Nduro 2.0 and the Nduro 3.0. The Nduro 2.0 is the base model which integrates a 2.3 kWh battery pack with which it delivers up to 90 km range per charge (claimed IDC range). This variant’s peak motor output is 2400 watts and the top speed achieved is up to 65 kmph. The Nduro 2.0 sprints from 0-60 kmph in 5.1 seconds.

The Lectrix Nduro 2.0’s smart feature list includes 5-inch digital display, USB charging port and mobile holder, side stand cutoff, Reverse mode, and SOS. It has an under-seat storage capacity of 42l and its total weight is 117 kg.

Coming to the Lectrix Nduro 3.0, it packs a bigger 3.0 kWh battery pack which delivers up to 117 km range per charge. It takes slightly slower to accelerate from 0-60 seconds at 5.5 seconds. The remaining features are similar to the Nduro 2.0 including 5-inch TFT display, USB charging port, and Reverse parking mode. The under storage capacity is also reduced at 30l compared to the Nduro 2.0.

Also Read: Honda Postpones Activa Electric Deliveries For Select Cities: Here’s Why

Lectrix Nduro 2.0, Nduro 3.0 Electric Scooter Price, Availabilty

Lectrx Nduro 2.3 kWh variant can be pruchased at Rs. 59,999 with BaaS (Battery as a Service) package on Flipkart. If you don’t wish to opt for the BaaS option, then the Nduro 2.0 is going to cost you Rs. 89,999, while the Nduro 3.0 will be available at Rs. 99,999.

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Auto Tech Featured

Giznext Exclusive Interaction: MG Motor’s Chief Growth Officer Explains BaaS Battery Rental Concept

Key Highlights

  • MG Motor first brand to introduce BaaS battery rental services
  • BaaS package was announced during Windsor EV launch
  • Package includes two EMI payments for body shell and battery
  • Additional battery rental charges costs Rs. 3.5 per km

MG Motor marked a significant move in EV venture with a unique EV ownership initiative. During the launch of its first ever CUV (Crossover Utility Vehicle) is definitely one of the most innovative ownership package brought to the Indian market. Just to break it down, Baas (Battery as a Service) is an easy EMI payment option where customers pay EMIs for the battery as rental along with the car unit. Gaurav Gupta, Chief Growth Officer MG Motor India, in an exclusive interaction with Giznext have made this concept more clear for the audience.

For the tech geeks, stay updated with the latest cutting-edge gadgets in the market, exclusive tech updates, gadget reviews, and more right on your phone’s screen. Join Giznext’s WhatsApp channel and receive the industry-first tech update.

Also Read: Tata Sierra EV India Launch Preponed? 2025 Debut Tipped

What Exactly Is Baas? How Will This Concept Boost EV Adaption?

Battery-as-a-service was tries to address one of the major hurdles to EV adaption, i.e., the high upfront cost. With this package customers will be able to pay the price of the battery separately from the body shell. It essentially is a new EV ownership program where one pays for the body shell and gets to use the battery of the car based on kilometres driven.

If a customers opts for BaaS then he will pay two EMIs, one for the body shell and the other for the battery. The cost would depend on the plan opted by the customer.

Also Read: Mahindra BE 6e Electric SUV Debuts In India: Starts At Rs. 18.90 Lakh

How Will Customers Benefit From BaaS Package? 

BaaS is a new-age financing option bringing significant benefits for customers primarily by cutting down on the higher costs associated with EV purchase . This package reduces the starting price of the car. And its not just the Windsor EV, the BaaS services can be availed for other MG electric four wheelers.

For instance, Comet EV starting at INR 4.99 lakhs + Battery Rental @ ₹2.5/km*, the Windsor EV at INR INR 9.99 Lakhs + battery rental @₹3.5/Km* and the MG ZS EV is offered at just INR 13.99 Lakh + battery rental @₹4.5/km*. Additionally, this package helps with extra savings for the customer as he pays basis kilometre driven / battery usage. 

Also Read: MG Windsor EV All Trims, Features Explained

Similar Ownership Package In Pipeline For ICE Models?

“Innovation is a very important pillar at JSW MG Motor India and we consider it as an integral part of our DNA. The current vehicles in our ICE portfolio are known for many disruptions in their respective segments. It is against our company policy to comment on future plans, but we want to ensure that our pursuit to deliver innovative solutions to mobility needs will be consistent.”

Well, it seems we will have to wait for a while to see any future developments on the same.

Also Read: Tata Harrier EV March 25 India Launch Confirmed

Does This Package Comes With Any Time Limit or KM Coverage Restrictions?

There are different plans from different finance partners being offered on MG electric four wheelers. Body shell and the battery can be funded for different tenures. Customers can get the car unit’s funding for 3 to 5 years and battery for up to 8 years or 1.5 Lac Kms. 

Also Read: Oben Electric Set To Expand With New E-Motorcycle: Budget And Premium Models Expected

Who Becomes The Owner If Customer Opts For BaaS Package?

The vehicle will be registered in the name of the customer purchasing the program through an affiliated finance partner. These will be privately registered vehicles just like normal private vehicles on road. 

Also Read: Honda Postpones Activa Electric Deliveries For Select Cities: Here’s Why

What If Customer Fails To Pay Defaults Monthly Installments? 

“As with any financing arrangement, understanding the implications of non-payment is crucial. If a customer ceases to pay the battery rental fees, the financial institution, like routine procedure will give multiple reminders to customers to pay off the due.”

However, if the customer still fails to make the payment, the financier retains the right to repossess the vehicle. The customer will receive the money back for the amount that was paid outright for the body shell. The price adjustments will be made depending the condition and usage. The default amount will deducted from the total sum and the remainder amount will be returned to the customer.