Announced Tue, 28 Jul · 11:43 IST
Ampere partners with Muthoot Capital for EV financing solutions
Strategic Transactions View source PDF
GREAVESCOT · price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Greaves Cotton's subsidiary Greaves Electric Mobility (Ampere brand) has partnered with Muthoot Capital Services to offer retail financing for electric two-wheelers. The partnership aims to make EV ownership more accessible across India with flexible repayment options for salaried, self-employed, gig workers and small business owners. Ampere currently has over 400 dealer touchpoints and aims to expand to 500+ pan-India locations.
Likely market impact
Positive for Greaves Cotton as it strengthens the EV subsidiary's reach and could support GEML's planned IPO by widening its customer base.