Jugnoo partners with Punjab National Bank & Piaggio for easy auto finance
The leading on-demand auto-rickshaw company in India and one of our client “Jugnoo” has strategically partnered with financial organization – ‘Punjab National Bank’ and auto-rickshaw manufacturer ‘Piaggio’ in order to boost the number of Jugnoo autos on Indian roads. The partnership will enable easy auto finance for anyone who wants to buy an auto. All the newly bought autos under this finance scheme will be registered with Jugnoo so that drivers / auto owners are able to make the most of their time by cutting the wait time and serving passengers on demand.
Piaggio, the auto manufacturer and Punjab National Bank have given special relaxations to avail loan facility under this scheme in partnership with Jugnoo. This new finance offer is being rolled out in 4 cities across India. These 4 cities include – Chandigarh, Indore, Gurgaon and Jaipur. All these 4 cities experience a huge rush of passengers who travel by auto and are also the leading cities for Jugnoo. Providing the easy auto finance facility in these cities will further boost the number of Jugnoo autos and hence serve more people.
Currently, our client Jugnoo is competing with Uber and Ola Cabs in India. Jugnoo has launched its on demand auto services in over 13 Indian cities and is growing in terms of number of transactions by each passing day.