Ampere Partners with Muthoot Capital to Offer Easy Financing for Electric Two-Wheelers Across India

Bengaluru, India, July 28, 2026: Ampere, the electric two-wheeler brand of Greaves Electric Mobility Limited (GEML), has announced a strategic partnership with Muthoot Capital Services Ltd. to offer flexible and affordable financing solutions for customers purchasing its range of electric scooters across India.

The collaboration aims to make electric mobility more accessible by reducing affordability barriers and providing customer-centric retail financing options for Ampere’s complete portfolio of electric two-wheelers. The initiative is expected to accelerate EV adoption, particularly in Tier II and Tier III cities and emerging markets across the country.

Under the partnership, customers will benefit from flexible repayment plans tailored to different income profiles and mobility requirements. The financing solutions will cater to salaried professionals, self-employed individuals, gig workers, small business owners, and first-time EV buyers, making electric scooter ownership more convenient and financially sustainable.

Speaking about the partnership, Manoj M. P., Chief Business Officer, Greaves Electric Mobility, said the company remains committed to making electric mobility accessible, affordable, and practical for every Indian customer.

“Financing plays a very crucial role in supporting EV buyers. Our partnership with Muthoot Capital Services brings together trusted brands 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,” he said.

Mathews Markose, CEO of Muthoot Capital Services Ltd., said financing will be instrumental in driving India’s transition towards sustainable transportation.

“As the country moves towards cleaner mobility, financing will play a pivotal role in expanding EV adoption beyond metropolitan cities and into the heart of Bharat. With our extensive customer reach, technology-enabled lending capabilities, and deep expertise in retail financing, we are committed to delivering transparent and affordable financing solutions that empower customers to embrace electric mobility with confidence,” he said.

He added that the collaboration goes beyond financing vehicles and is focused on enabling aspirations, supporting livelihoods, and contributing to India’s sustainable mobility ecosystem.

Ampere, backed by Greaves Electric Mobility Limited and the 165-year legacy of Greaves Cotton Limited, has over 18 years of experience in designing and manufacturing electric vehicles. The company has steadily expanded its electric scooter portfolio, dealer network, and customer support infrastructure across India.

According to the company, the partnership with Muthoot Capital will leverage its retail financing expertise and network of more than 500 touchpoints across India, strengthening Ampere’s market presence while helping dealers expand their reach. The companies believe the collaboration will accelerate mass EV adoption by making financing more accessible and ensuring seamless customer support nationwide.

The partnership also aligns with Ampere’s commitment to developing electric mobility solutions engineered to “Outperform, Outlast & Outshine” while supporting India’s vision of a sustainable, self-reliant, and inclusive transportation ecosystem.

Key Highlights

• Ampere partners with Muthoot Capital Services for EV financing.
• Flexible loan options available for Ampere’s complete electric scooter range.
• Financing designed for salaried, self-employed, gig workers, and small businesses.
• Partnership aims to accelerate EV adoption across urban and rural India.
• Muthoot Capital’s 500+ touchpoints will support nationwide customer access and dealer growth.