Ampere Partners with Muthoot Capital to Expand Affordable EV Financing Across India

Ampere, the E2W brand of Greaves Electric Mobility (GEML), has announced a partnership with Muthoot Capital Services – a NBFC company. The partnership is aimed to make electric mobility ownership more accessible and affordable across India and help accelerate EV adoption. This will also offer customers convenient, flexible and customer-centric retail financing solutions for Ampere’s complete range of electric two-wheelers. 

The partnership is designed to bridge affordability barriers by offering financing solutions tailored to diverse income profiles and mobility needs. Flexible repayment options of the collaboration are expected to broaden access to electric mobility by making ownership more convenient, affordable and financially sustainable for EV buyers, salaried professionals, self-employed individuals, gig workers or small business owners. 

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 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.” 

Mathews Markose, CEO, Muthoot Capital Services, 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.“

He further added, “With our deep understanding of retail financing, extensive customer reach, and technology enabled lending capabilities, we are 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." 

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. 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 plus pan-India touchpoints ensuring seamless customer support.