Joint Venture12 Mar 2024, 09:26 pm
Muthoot Capital Services and Greaves Finance Announce Partnership for Electric Two-Wheeler Financing in India
AI Summary
Greaves Finance, a subsidiary of Greaves Cotton Ltd., and Muthoot Capital Services Limited have entered into a co-lending arrangement to expand electric two-wheeler financing solutions across India. The partnership, valued up to INR 150 crores ($18 million USD), aims to promote sustainable transportation alternatives and cater to the evolving needs of customers.
Key Highlights
- Greaves Finance and Muthoot Capital Services Limited partner to increase electric two-wheeler financing in India
- The deal size is up to INR 150 crores ($18 million USD)
- Companies commit to providing affordable, customised financing options for electric two-wheelers
- Collaboration supports a diverse range of electric two-wheeler manufacturers
- Both companies endeavour to foster innovation in the electric vehicle sector