Greaves Finance, a subsidiary of Greaves Cotton, has undertaken strategic co-lending partnerships with leading financial institutions.
Greaves Cotton, one of India’s leading diversified engineering companies, has enhanced access to easy finance for electric vehicles through its non-banking financial corporation (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. With these partnerships, as well as through direct financing operations, Greaves Finance is now present across more than 110 cities to offer easy finance options for electric vehicles.
This partnership with other NBFCs having niche presence and catering to cities beyond Tier 2 markets will enable Greaves Finance to help potential environment-conscious customers to fulfill their dream of owning electric vehicles at easy and attractive EMIs, the company said in a statement.
Greaves Finance is one of the first few NBFCs in the country to help finance a wide range of electric vehicles, including electric two-wheelers, both slow and high-speed, and electric three-wheelers (e-rickshaws and e-autos for both cargo and passenger segments). Greaves Finance is also available at the recently launched multi-brand EV store AutoEVmart and other EV retail outlets across the country.
Greaves Electric Mobility with its multiple strategic finance tie-ups across its wide retail network is accelerating EV adoption in the country with quick 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 tie-ups with leading financial institutions.