Ampere, the electric two-wheeler brand of Greaves Electric Mobility (GEML), officially announced its partnership with Muthoot Capital Services on July 28, 2026, to accelerate electric vehicle adoption across India. According to exchange filings, this collaboration aims to make electric mobility ownership more accessible and affordable for diverse customer segments. The partnership will offer customers convenient, flexible and customer-centric retail financing solutions for Ampere's complete range of electric two-wheelers, leveraging Muthoot's NBFC network and Ampere's extensive dealer presence across India.
Mr. Mathews Markose, CEO of Muthoot Capital Services Ltd., emphasized the partnership's mission to democratize electric mobility access. As reported by exchange filings, he stated that their purpose is to make mobility financing accessible, responsible, and inclusive for every Indian, with financing playing a pivotal role in accelerating EV adoption beyond metropolitan cities into the heart of Bharat. Mr. Mathews Markose highlighted that with their deep understanding of retail financing, extensive customer reach, and technology enabled lending capabilities, they are committed to delivering seamless, transparent, and affordable financing solutions that empower customers to embrace electric mobility with confidence. Mr. Manoj M. P., Chief Business Officer of GEML, noted that financing plays a very crucial role in supporting EV buyers, especially in making mobility accessible, affordable and practical for every Indian customer, with the partnership bringing together trusted and growing electric two-wheeler portfolio to offer seamless and customer-centric ownership solutions.
The partnership is designed to bridge affordability barriers by offering financing solutions tailored to diverse income profiles and mobility needs. As reported by exchange filings, flexible repayment options are expected to broaden access to electric mobility by making ownership more convenient, affordable and financially sustainable for various customer categories including EV buyers, salaried professionals, self-employed individuals, gig workers and small business owners. The collaboration addresses a critical hurdle in the EV market: affordability, by integrating GEML's product portfolio with Muthoot Capital's lending capabilities to make ownership financially sustainable for a broader customer base. These offerings extend to a broad customer base, including salaried professionals, self-employed individuals, gig workers, and small business owners, with the partnership expected to support dealer growth, expand mass EV adoption, and broaden access to future-ready mobility solutions through a vast network of over 500 touchpoints across the country.
The collaboration is positioned to help accelerate EV adoption by addressing key barriers to electric mobility adoption. According to exchange filings, the partnership will make electric two-wheeler ownership more accessible through structured financing options, potentially expanding the customer base beyond traditional EV buyers to include various income groups and employment categories. The financing solutions will be available through Ampere's extensive dealer network of over 500 touchpoints across India, 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. This expansion of financial accessibility supports GEML's strategy to penetrate deeper into emerging markets beyond metropolitan centers, with the partnership expected to support dealer growth and expand mass EV adoption across India.
