Greaves Finance Ltd collaborates with ElectricPe to make EV buying more accessible

Greaves Finance Limited, a non-banking financial company (NBFC) and a wholly owned subsidiary of Greaves Cotton Ltd, under its electric vehicle ownership platform evfin, today announced its partnership with ElectricPe, India's largest and most trusted EV solutions player. This collaboration marks a pivotal moment in revolutionising the EV landscape, combining the strengths of two innovative entities dedicated to simplifying the EV ownership experience.

ElectricPe recently expanded its offerings by opening virtual and physical mobility centres, selling various 2-wheeler OEM brands to simplify EV ownership. The alliance between evfin and ElectricPe signifies a synergy between two industry leaders committed to redefining the electric vehicle journey for customers.

ElectricPe's customer experience will be elevated by Greaves Finance Limited's innovative introduction of buyback programs such as smart.fin and ride.fin in two-wheeler EV financing. These programs will be easily accessible to all customers at the ElectricPe Mobility Centers and through the user-friendly app, enhancing the overall EV ownership journey by delivering unparalleled convenience and value.

Speaking on the collaboration, Sandeep Divakaran, CEO, Greaves Finance Ltd., said, "We are thrilled to partner with ElectricPe on this transformative journey, as we view this as a milestone in reshaping the electric vehicle landscape in India. This collaboration holds great significance, and we anticipate substantial business activity with ElectricPe. Through this partnership, we aim to transform how customers engage with electric vehicles, establishing a fresh industry benchmark for convenience, innovation, and overall customer contentment."

Avinash Sharma, Co-Founder and CEO of ElectricPe echoed the sentiment: "At ElectricPe, our relentless commitment is to ensure an exceptional customer experience throughout their electric vehicle journey. This partnership signifies a game-changer, simplifying and enhancing the electric vehicle financing experience. It's about offering improved financing choices and seamless transitions, ultimately making things simpler and better for our customers."

As part of this collaboration, ElectricPe customers gain access to specialised financing support, enabling them to explore tailored financing solutions from Greaves Finance Limited that are aligned with their unique preferences and requirements.

Greaves Finance Limited has been a leader in financing consumers of leading EV OEMs like Ather Energy, OLA, TVS, Vida (Hero MotoCorp.), Ampere, among others, further solidifying its role in driving the widespread adoption of electric mobility across India.

Shares of Greaves Cotton Limited was last trading in BSE at Rs. 164.80 as compared to the previous close of Rs. 155.70. The total number of shares traded during the day was 651218 in over 10930 trades.

The stock hit an intraday high of Rs. 169.45 and intraday low of 155.40. The net turnover during the day was Rs. 107783680.00.

Source : Equity Bulls

Keywords

GreavesCotton INE224A01026 GreavesFinance evfin Partnership ElectricPe