Greaves Cotton has expanded access to Electric Vehicle (EV) financing through its NBFC subsidiary Greaves Finance as part of Greaves Electric Mobility.
Instant loan disbursement, low-interest rates, simple and quick financing options with low-cost EMIs, and access to affordable financing options are some of the programme’s unique advantages. The company aims to broaden the base of EV buyers, especially in smaller towns and cities.
To support this intent of multiple buyers, the financing subsidiary has announced ‘EV DreamFest’, a one-of-a-kind initiative that will facilitate the easy purchase of e2W & e3W for various sets of buyers.
In the long run, the EV Dreamfest initiative will help the emerging EV ecosystem by facilitating flexible financing options, allowing a shift from traditional ICE vehicles and toward a fully electric ecosystem. Speaking on the announcement, Ravindra Pathak, Head Greaves Finance, Greaves Cotton, said,
“Greaves is ready to be the enabler that helps in expanding access to sustainable mobility for a wide variety of consumers while also providing hassle-free and personalised financing options for e2W and e3W buyers.
The EV Dreamfest will enable customers to realise their ambition of purchasing an electric vehicle.” With the festive season approaching, it hopes to attract EV enthusiasts who want to own EVs by providing the necessary financing. It intends to offer various financing solutions for e2/3-wheelers at select Ampere dealerships, AutoEVmart, and Greaves retail outlets.