Ampere, the electric two-wheeler brand of Greaves Electric Mobility Limited, has partnered with Muthoot Capital Services, one of India’s leading retail non-banking financial companies (NBFCs), to make electric mobility more accessible and affordable for customers across the country. The collaboration aims to accelerate the adoption of electric vehicles by providing convenient, flexible, and customer-focused financing solutions for Ampere’s entire range of electric scooters. Through this partnership, customers will have easier access to financing options that simplify EV ownership while reducing the upfront cost of purchasing an electric two-wheeler.
Designed to address affordability challenges, the financing programme offers repayment plans tailored to diverse income groups and mobility requirements. Whether for salaried professionals, self-employed individuals, gig workers, or small business owners, the initiative is expected to make electric two-wheelers a more practical and financially viable choice.
By combining Ampere’s growing portfolio of electric scooters with Muthoot Capital’s extensive financing expertise and nationwide reach, the partnership is set to strengthen India’s transition toward sustainable mobility and support the wider adoption of electric vehicles across both urban and rural markets.
Speaking on the partnership, Manoj M. P., Chief Business Officer, Greaves Electric Mobility, said, “At Ampere, our focus has always been on making mobility accessible, affordable, and practical for every Indian customer. Financing plays a very crucial role in this journey, especially in supporting EV buyers. Our partnership with Muthoot Capital Services Ltd. brings together trusted and our growing electric two-wheeler portfolio to offer seamless and customer-centric ownership solutions. Together, we aim to remove financial barriers, empower customers with greater choice and convenience, and accelerate the adoption of clean mobility across Bharat.”
Mr. Mathews Markose, CEO, Muthoot Capital Services Ltd., said, “At Muthoot Capital, our purpose has always been to make mobility financing accessible, responsible, and inclusive for every Indian. As the country transitions towards cleaner and more sustainable transportation, financing will play a pivotal role in accelerating EV adoption beyond metropolitan cities and into the heart of Bharat. Our partnership with Ampere brings together Ampere and Muthoot, two trusted brands, with a shared vision of democratizing access to electric mobility.
With our deep understanding of retail financing, extensive customer reach, and technology enabled lending capabilities, we are committed to delivering seamless, transparent, and affordable financing solutions that empower customers to embrace electric mobility with confidence. This collaboration is not merely about financing vehicles, it is about enabling aspirations, supporting livelihoods, and contributing meaningfully to India’s sustainable mobility journey. We believe this partnership will create long-term value for customers, dealers, and the broader EV ecosystem while reinforcing our commitment to responsible growth and innovation.”
With over 18 years of experience in designing and manufacturing of electric vehicles, Ampere, has established a strong presence in India’s electric two-wheeler market. GEML continues to strengthen customer accessibility through expanding product portfolio, growing dealer network and strategic partnerships, enhancing the overall experience. Backed by the 165-year legacy of Greaves Cotton Limited, GEML remains committed to building an affordable and sustainable electric mobility ecosystem addressing the evolving needs across urban, semi-urban and emerging markets.
By bringing together GEML’s expanding electric two-wheeler portfolio and Muthoot Capital’s deep retail financing network, the partnership is expected to accelerate EV adoption across Bharat. It will further strengthen GEML’s market presence by supporting dealer growth accelerate mass EV adoption, and expanding access to clean, future-ready mobility solutions through 500+ pan-India touchpoints ensuring seamless customer support.
The collaboration reflects Ampere’s commitment to build products and solutions that are engineered to Outperform, Outlast & Outshine, while advancing India’s journey toward a sustainable, self-reliant, and inclusive mobility future.
