Cash News
Greaves Electric Mobility (GEMPL) announced a business alliance with Shriram Finance, with an aim to make Greaves Electric Mobility’s 3Ws (Greaves 3 Wheelers) more accessible by providing customers with customised financing options, including down payment options and flexible EMI plans.
This collaboration will support Greaves Electric Mobility’s vision of “Har Gully Electric” making its entire 3W product range (Greaves 3 Wheelers, Eltra City and Eltra Cargo), more accessible to consumers nationwide. Shriram Finance’s countrywide network will play a crucial role in promoting last-mile mobility adoption in both passenger and cargo sectors.
Speaking on the partnership, K Vijaya Kumar said, “Partnerships like these introduce customers to multiple down payment options coupled with attractive EMI plans, further driving the adoption of sustainable mobility vehicles and supporting India’s goal to become a global hub for EVs, while empowering drivers to earn more and improve their livelihoods.”
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Gopinath TA, Assistant Vice President of Shriram Finance, added, “This is a great collaboration where two purpose-led and legacy companies come together to make India a global EV hub and accelerate access to mobility for last-mile passenger and cargo movement across fuel forms.”
Greaves Electric Mobility (GEMPL) is the Greaves Cotton’s electric mobility division, which with over 163 years of legacy, is focused on sustainable and innovative mobility solutions, recently acquiring Excel Controlinkage to enhance growth and expertise in future technologies.