Diversified engineering company Greaves Cotton on Friday announced that it has enhanced access to easy finance for electric vehicles (EVs) through its NBFC subsidiary Greaves Finance.
A statement from the company said Greaves Finance has strengthened its financing network by collaborating with leading financial institutions. The company will also provide retail-financing options through its strategic co-lending partnerships with various financial institutions, including BikeBazaar (WheelsEMI), Deccan Finance and Vedika Fincorp.
Greaves Finance is present across 110+ cities through direct financing operations as well as strategic partnerships with these listed financial institutions. This partnership with other NBFCs with a niche presence and catering to cities beyond Tier-2 markets will enable Greaves Finance to help potential environment-conscious customers fulfil their dream of owning electric vehicles at easy and attractive EMIs.
The company has also collaborated with MLR Auto to provide easy finance options for 3-wheelers- CNG, Diesel & Electric.
There is a rapid transformation in personal mobility preferences with significant demand emerging in key regions. The company is among the first few players in the industry to curate an easy and affordable financing ecosystem for prospective EV buyers. With AI-backed tech-driven financing, customers quickly assess creditworthiness, easy approvals, and quick loan disbursements.