MLR Auto, a subsidiary of Greaves Electric Mobility, the e-mobility business of Greaves Cotton, has announced its strategic partnership with Vidyuttech, a financing platform and lifecycle management service provider for flexible financing of MLR's electric three-wheelers.
Vidyuttech's unique pay-per-km battery lease and attractive interest rate of approximately 10% is designed to facilitate the adoption of Electric 3-wheelers, making them an affordable and sustainable choice for customers. Moreover, Vidyuttech's commitment to providing over 90 % on-road funding for potential customers significantly reduces the burden of downpayment, making electric vehicle ownership more accessible.
Nirmal NR, Chief Executive Officer & Wholetime Director, MLR Auto, said, “This partnership will provide our customers with accessible and hassle-free financing options, simplifying their transition to electric three-wheelers and contributing to a more sustainable and emission-free future.”