Greaves Finance was set up last month to facilitate financing of electric two-wheelers and electric three-wheelers.
Greaves Cotton has enhanced access to finance for electric vehicles as part of Greaves Electric Mobility through its Non Banking Finance Corporation (NBFC) subsidiary, Greaves Finance. To push for faster adoption of EVs in India, Greaves Finance is offering instant loan disbursement, low interest rates, simple and quick financing choices with low cost EMIs, and access to affordable financing options. According to the company, with the festive season coming up, Greaves aims to tap EV enthusiasts wanting to own electric vehicles by providing them with required finance.
Speaking on the announcement, Ravindra Pathak, Head Greaves Finance, Greaves Cotton Limited, said, “Greaves is ready to be the enabler that helps in expanding access to sustainable mobility for a wide variety of consumers while also providing hassle-free and personalized financing options for electric two-wheeler and electric three-wheeler buyers. The EV Dreamfest will enable customers to realise their ambition of purchasing an electric vehicle.”
The company is offering a wide range of financing options for electric two-whelers and three-wheelers, which are available at select Ampere Electric dealerships, AutoEVmart and Greaves Retail outlets. The EV Dreamfest is a inititative that will facilitate easy purchase of electric two-wheelers and electric three-wheelers for various set of buyers. Greaves Finance was launched in September 2021, and will deploy artificial intelligence-enabled analytics to offer customised retail financing options and quick disbursal of loans which allow consumers easy access to electric two-wheelers.