Ampere, the electric two-wheeler brand of Greaves Electric Mobility Limited (GEML), has entered into a strategic partnership with Muthoot Capital Services Limited to provide convenient and affordable financing solutions for customers purchasing its range of electric scooters. The collaboration is aimed at increasing access to electric mobility across India by addressing affordability challenges and simplifying the ownership experience for a wider customer base.
The partnership brings together Ampere’s expanding portfolio of electric two-wheelers and Muthoot Capital’s extensive retail financing network to offer customized loan options tailored to different customer segments. The financing solutions will be available for Ampere’s complete range of electric scooters and are designed to meet the needs of salaried professionals, self-employed individuals, gig workers, entrepreneurs and small business owners.
Through flexible repayment plans and customer-focused financing products, the alliance seeks to make electric vehicle ownership more practical and financially accessible, particularly in emerging markets and smaller towns where affordability remains a key consideration in EV adoption.
Manoj MP Chief Business Officer of Greaves Electric Mobility, said the partnership reinforces Ampere’s commitment to making electric mobility accessible, affordable and practical for Indian consumers. He noted that financing plays a vital role in encouraging customers to transition to electric vehicles, and the collaboration with Muthoot Capital will provide seamless ownership solutions backed by trusted financial services. He added that the initiative is expected to remove financial barriers while offering customers greater flexibility and convenience in purchasing electric scooters.
Mathews Markose, Chief Executive Officer of Muthoot Capital Services Limited, said the company has consistently focused on providing accessible and responsible mobility financing across India. He stated that as the country moves toward cleaner transportation, affordable financing will become an important factor in driving electric vehicle adoption beyond metropolitan cities. He said the partnership combines the strengths of two established brands with a shared objective of expanding access to sustainable mobility solutions.
According to Markose, Muthoot Capital’s expertise in retail lending, extensive customer reach and technology-enabled financing platform will enable customers to access transparent and efficient financing services. He added that the collaboration is not only intended to finance vehicle purchases but also to support livelihoods, create long-term customer value and contribute to India’s transition toward sustainable transportation.
Ampere has over 18 years of experience in the design and manufacture of electric vehicles and has established a strong presence in India’s electric two-wheeler market. Supported by the 165-year legacy of Greaves Cotton Limited, the company continues to strengthen its market position through an expanding product portfolio, an increasing dealer network and strategic partnerships focused on improving customer accessibility.
