Ampere, the electric two-wheeler brand from Greaves Electric Mobility Limited, has partnered with Muthoot Capital Services, one of India’s leading retail non-banking finance 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-centric financing solutions for Ampere’s entire range of electric scooters. Through this partnership, customers will have easy 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 program offers repayment plans tailored to diverse income groups and mobility needs. Be it salaried professionals, self-employed individuals, gig workers or small business owners, this initiative is expected to make electric two-wheelers a more practical and financially viable option.
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 towards sustainable mobility and support the widespread adoption of electric vehicles in both urban and rural markets.
Speaking on the partnership, Manoj MP, Chief Business Officer, Greaves Electric Mobility, said, “At Ampere, our focus has always been to make mobility accessible, affordable and practical for every Indian customer. Financing plays a very important role in this journey, especially in supporting EV buyers. Our partnership with Muthoot Capital Services Limited brings together Credible and our growing electric two-wheeler portfolio to provide seamless and customer-centric ownership solutions. Together, “We aim to remove financial barriers, empower customers with more choice and convenience, and accelerate the adoption of clean mobility across India.”
Mr. Mathews Marcos, CEO, Muthoot Capital Services Limited, said, “At Muthoot Capital, our aim has always been to make mobility financing accessible, responsible and inclusive for every Indian. As the country moves towards cleaner and more sustainable transportation, financing will play a vital role in accelerating EV adoption beyond metropolitan cities and into the heart of India. 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, wide customer reach and technology enabled lending capabilities, we are committed to providing seamless, transparent and affordable financing solutions that empower customers to adopt electric mobility with confidence. This collaboration is not just 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 strengthening our commitment to responsible growth and innovation.
With over 18 years of experience in designing and manufacturing electric vehicles, Ampere has established a strong presence in India’s electric two-wheeler market. GeML continues to strengthen customer reach through expanding product portfolio, growing dealer network and strategic partnerships, thereby enhancing the overall experience. Backed by the 165-year legacy of Greaves Cotton Limited, GEML is committed to building an affordable and sustainable electric mobility ecosystem to meet the growing needs in 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 India. This will further strengthen GeML’s market presence by supporting dealer growth, driving mass EV adoption and expanding access to clean, future-ready mobility solutions through 500+ pan-India touchpoints, thereby ensuring seamless customer support.
This collaboration reflects Ampere’s commitment to building products and solutions engineered to outperform, outlast and outshine, furthering India’s journey towards a sustainable, self-reliant and inclusive mobility future.