To provide easy financing to EV buyers and accelerate Cleantech mobility adoption in India
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 EV ecosystem in India. Greaves Finance along with Wheels EMI Pvt. Ltd. (‘WheelsEMI’), aims at providing easy finance options to prospective electric vehicle buyers, hence enable millions of people embrace eco-friendly vehicles. This move will make cost-conscious customers take a prudent decision while buying Ampere electric scooters. The financial products offered by WheelsEMI provide benefits such as credit accessibility, quick eligibility check, collateral free loan, attractive interest rates and personal assistance through the entire process to all prospective buyers of Ampere Electric Vehicles.
Speaking about the same, Mr. 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, Mr. V, Karunakaran, Co-Founder and Joint Managing Director, WheelsEMI, said: “We at WheelsEMI believe that electric vehicles are the future and being a specialist Two-Wheeler Finance Company, we would like to move early into this space. Having an alliance with Greaves Finance, we have the unique opportunity of expanding this nascent market, together.”
Ampere vehicles’ stylish range of eco-friendly and energy efficient scooters are designed to stay true to its zero emission promise along with low running and maintenance costs, while offering optimum speed for safe city driving. Ampere vehicles are preferred in market by customers for higher savings over conventional vehicles and providing sustainable mobility solution for stronger future. Now with quick and easy financing options many more customers at the bottom-of-the pyramid can join fast growing family of 50,000 Ampere customers.
This partnership with Wheels EMI will enable Ampere vehicles to reach out to potential customers through attractive financing options that are tailor-made to facilitate varied customer requirements. With its robust product technology, growing service network, and now attractive loan options, Ampere Vehicles serve as the right combination to help meet the requirements of its existing and new consumers. This development promotes easy, affordable, and eco-friendly commutes, which expedites our race towards an electric future and fortifies India’s battle against deteriorating climate conditions.