APN News

Details about the new global electric vehicle program for teammates

We have announced a new global Electric Vehicle Program, to help teammates drive positive environmental change in their communities. Eligible teammates who purchase or lease a qualified new all-electric passenger vehicle (car or truck) on or after July 1, 2022 may receive INR 294,500 for a new purchase or INR 147,250 for a new lease.

Please read through this email for additional details about the program for teammates outside the U.S., including eligibility requirements and how to submit your request.

Eligibility requirements

To be eligible for the program, the following criteria must be met at the time of vehicle purchase:

In addition to the above criteria, the eligible employee’s name must be included on the sales contract. For any specific provisions that may apply for your country, please visit the Electric Vehicle program page on HR Connect.

Teammates are eligible to participate in this program once during their career at the bank and the amount an employee receives will be subject to any applicable taxes and withholdings. Hydrogen fuel cell vehicles, other electric vehicles, such as bikes and scooters, as well as hybrid vehicles are not eligible under this program.

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