Greaves Finance Limited has announced a strategic partnership with Eqaro Surety Private Limited to strengthen its Smart.fin product for electric two-wheelers (E2Ws). This collaboration focuses on providing assured buyback and upgrade options addressing customer concerns about resale value and promoting a seamless transition to electric mobility.
The Smart.fin offering aims to enhance the EV ownership experience by guaranteeing resale value and mitigating depreciation risks. With the secondary market for electric two-wheelers still developing, this partnership with Eqaro Surety provides a much-needed safety net for customers. By ensuring an assured buyback value evfin eliminates uncertainties around resale making EV ownership a more secure and appealing choice for consumers. The programme also encourages upgrades to newer models ensuring customers can keep pace with technological advancements in electric vehicles.
This partnership is expected to benefit all stakeholders in the electric mobility ecosystem, including customers, original equipment manufacturers (OEMs), and dealers. For customers, the guaranteed buyback option simplifies the ownership journey making it easier to transition to newer vehicles without worrying about depreciation. For OEMs and dealers, the collaboration enhances product trustworthiness, reduces financial risks associated with resale, and encourages higher customer retention through upgrade cycles, ultimately driving sales growth.
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