Greaves Electric Mobility, the electric mobility arm of Greaves Cotton Limited, has announced a strategic partnership with Shriram Green Finance, the electric vehicle financing arm of Shriram Finance. This collaboration aims to enhance the accessibility of Greaves’ electric three-wheelers (3Ws) and electric light commercial vehicles by offering tailored financing solutions to individuals and small businesses across India.
Flexible Financing Options to Empower Customers
Under this partnership, customers can avail themselves of loans covering up to 90% of the vehicle’s value, along with competitive interest rates and flexible repayment options. These financing schemes are designed to accommodate diverse business requirements, making electric mobility financially accessible and convenient for drivers, entrepreneurs, and fleet operators.
Leveraging Extensive Networks for Nationwide Reach
By combining GEML’s cutting-edge EV technology with Shriram Finance’s extensive financial reach, the collaboration aims to accelerate the adoption of electric three-wheelers and light commercial vehicles across both urban and semi-urban markets. The partnership will leverage Shriram’s vast lending network and Greaves’ 500+ touchpoints across India to streamline financing, sales, and after-sales support.
Commitment to Sustainable and Self-Reliant Mobility
This alliance is set to play a pivotal role in empowering small business owners and fleet operators to adopt electric vehicles that offer lower operating costs, higher uptime, and environmental benefits. By integrating Greaves’ expanding EV portfolio with Shriram Finance’s strong financial infrastructure, the partnership supports India’s vision of a sustainable and self-reliant mobility ecosystem.
Greaves Electric Mobility’s Legacy of Innovation
Backed by a 165-year legacy, Greaves Electric Mobility continues to redefine electric mobility through innovation, endurance, and performance. The company’s Greaves ELTRA City Xtra recently achieved a national record of 324 km on a single charge, as recognized by the India Book of Records. This milestone underscores GEML’s engineering excellence and its dedication to developing real-world, high-efficiency electric vehicles.
Driving India’s Clean Energy Transition
The partnership between Greaves Electric Mobility and Shriram Green Finance aligns with India’s clean energy transition goals. By making electric mobility more accessible and affordable, the collaboration contributes to reducing carbon emissions and promoting sustainable transportation solutions across the country.
