Manba Finance Limited has launched a dedicated loan product to finance the replacement of lithium-ion batteries for electric three-wheelers, addressing a critical expense for e-rickshaw and e-cart owner-operators. The new Battery Replacement Financing offering is designed to provide small-ticket, short-tenure loans that align with the earning cycles of drivers, ensuring they can replace batteries without disrupting their livelihoods. The lithium-ion battery typically represents the single largest recurring cost for these vehicle owners, with a working life shorter than the vehicle itself.

The product features purpose-built financing for replacement batteries and charger kits, sourced exclusively from empaneled, quality-certified original equipment manufacturers (OEMs) that offer warranty and service-network support. The process is technology-led, incorporating digital onboarding, e-mandate-based repayments, and IoT-enabled batteries. Manba Finance will initiate a phased rollout starting with its existing electric three-wheeler customer base, followed by a wider market launch in due course.

Key Highlights of the Offering

The following table outlines the core features of the Battery Replacement Financing product:

Strategic Rationale

Manish Shah, Managing Director of Manba Finance Limited, stated that the product is a natural extension of the company's vehicle finance franchise. He emphasized that battery replacement financing protects customers' livelihoods, strengthens the existing portfolio, and positions Manba deeper within the electric vehicle ecosystem. The strategy involves starting with existing customers before scaling the product to the wider market in a calibrated manner.

The launch aligns with Manba Finance's strategy to build products around the full lifecycle of the vehicles and customers it finances. With India's electric three-wheeler segment leading EV adoption, battery replacement represents a large, recurring, and underserved financing need. The company aims to address this gap using its branch network, dealer relationships, and understanding of the last-mile mobility customer. The product will be rolled out across select locations within Manba's existing footprint, with expansion linked to portfolio performance and market response.

Manba Finance has scheduled an earnings conference call to discuss its financial performance for the quarter ended June 30, 2026. The meeting will take place on July 28, 2026, at 02:00 PM IST, providing investors and analysts with an overview of the company's operational results for Q1FY27.

Management Presentation

The discussion will be led by key executives from Manba Finance , including Managing Director Manish Shah and Executive Director and Chief Financial Officer Jai Mota. The session aims to offer detailed insights into the company's financial health and business strategies.

Access Details

DAM Capital Advisors Ltd is organizing the call on behalf of the company. Participants can join via universal access numbers or use the international dial-in options provided for various regions.

An audio recording and transcript of the conference call will be made available on the company's website following the event. Investors are advised to dial in at least 5 to 10 minutes prior to the scheduled start time to ensure timely connection.