Greaves Cotton Ltd announced the activation of its wholly-owned subsidiary NBFC arm, Greaves Leasing Finance Ltd (Greaves Finance) as a part of strengthening its electric vehicle ecosystem in India.
The financial products offered by WheelsEMI provide benefits such as credit accessibility, quick eligibility check, and personal assistance through the process to prospective buyers of Ampere Electric Vehicles.
Harish Prabhu, Director, Greaves Finance said, “As leaders in the last mile mobility segment, we continue to play a pivotal role in fostering electric mobility penetration with affordable finance options for the discerning EV buyer. With this tie-up, millions of customers can buy electric scooters at a low down-payment and EMI’s across a fast-growing nationwide network for Ampere electric vehicles.”
Talking about the partnership, V, Karunakaran, Co-founder and Joint MD, WheelsEMI said, “Having an alliance with Greaves Finance, we have the unique opportunity of expanding this nascent market together.”