Greaves Cotton Enables Easy Financing Ecosystem For Prospective EV Buyers Through Greaves Finance

Greaves Cotton has enhanced access to easy finance for electric vehicles through its subsidiary Greaves Finance. Greaves Finance will deploy AI-enabled analytics to offer customised retail financing options and quick disbursal of loans to allow for greater adoption of EV two-wheelers in the country.

Greaves finance will also provide retail-financing options by using strategic co-lending partnerships with various financial institutions.

The company is among the first few players in the industry to curate an easy affordable financing ecosystem for prospective EV buyers. With easy approvals and quick loan disbursements, Greaves aims to accelerate the process of owning personal electric vehicles for consumers and becoming a part of the EV revolution in the country.

Speaking on the announcement, Ravindra Pathak, Head Greaves Finance, Greaves Cotton Limited, said, “The transition towards EVs is easy only when there is an enabling ecosystem. Keeping this in mind, Greaves is prepared to be the facilitator that enables people to make the right choice, enhancing access to good mobility for people at the bottom-of-the pyramid while providing hassle-free and customised financing solutions to customers opting for electric vehicles. Towards this, we have banked on our superior technology infrastructure and understanding of the market to create a complementary AI enabled tech environment that will significantly improve the customer experience while accessing our products.”

The electric vehicle industry in India is set to grow at record levels and Greaves aims to accelerate this transition aiding the shift from traditional vehicles and strengthen its leadership position by introducing technological advancements and strong network support. Ampere recently announced its India electrified campaign to showcase how it is transforming last mile connectivity across the country through clean, affordable & reliable electric vehicles from its wide range of e2W, e3W offerings in B2C & B2B domain.