Greaves Cotton, one of India’s leading diversified engineering companies, has improved easy access to finance for electric vehicles through its non-bank finance company (NBFC) subsidiary, Greaves Finance. The company has now announced strategic co-lending partnerships with various financial institutions including BikeBazaar (WheelsEMI), Deccan Finance and Vedika Fincorp. Through these partnerships, as well as through direct financing transactions, Greaves Finance is now present in over 110 cities to provide easy financing options for electric vehicles.
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This partnership with other NBFCs with a niche presence serving cities beyond Tier 2 markets will allow Greaves Finance to help environmentally conscious potential customers realize their dream of owning electric vehicles at easy and attractive EMIs, the company said in a statement.
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Greaves Finance is one of the first NBFCs in the country to help finance a wide range of electric vehicles, including electric, slow-speed and high-speed two-wheelers, and electric three-wheelers (e-rickshaws and e -cars for the two freight and passenger segments). Greaves Finance is also available at the recently launched multi-brand electric vehicle store AutoEVmart and other electric vehicle outlets across the country.
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Greaves Electric Mobility, with its multiple strategic financial partnerships across its extensive retail network, is accelerating the adoption of electric vehicles in the country through fast and affordable financing options. IDFC First, Kotak Bank, HDFC, Jana Small finance, Shriram Finance, HDB Financial services, Tata Capital, Bajaj Finserv, Mannapuram Finance, Credit Fair, Loan Tap, Paytail and many more are some of the links with leading institutions financial.
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