Mahindra Last Mile Mobility Limited (MLMML) and J&K Bank have signed a Memorandum of Understanding (MoU) aimed at improving access to vehicle financing for customers purchasing electric commercial vehicles.
According to a press note, the partnership will enable easy and accessible financing solutions for buyers of Mahindra’s last-mile mobility vehicles. The initiative is expected to simplify loan procedures and strengthen on-ground engagement through J&K Bank’s branch network.
Mahindra Last Mile Mobility, India’s leading electric commercial vehicle manufacturer, recently introduced its e-auto ‘Mahindra UDO’, further expanding its EV portfolio.
The company had earlier crossed the milestone of selling over three lakh commercial electric vehicles by November 2025.
J&K Bank, with an extensive network of 1,008 branches—including 835 in Jammu & Kashmir, 37 in Ladakh, and 136 across other regions—will play a key role in facilitating the financing outreach.
