OTO has entered a strategic partnership with Northern Arc Capital, a non-banking finance company, to expand its digital two-wheeler financing services. With a target disbursement of over ₹800 crore in CY23, OTO anticipates 20% to be contributed by Northern Arc Capital. The collaboration allows Northern Arc Capital to tap into OTO's extensive retail base, enhancing its two-wheeler retail portfolio. The financing option will be available nationwide through OTO's platform. Sumit Chhazed, OTO's CEO, emphasizes understanding evolving customer needs and leveraging digitalization and new business models to cater to these requirements.
OTO operates in 10 cities with over 500 dealer partners, having financed more than 30,000 two-wheelers.