In a significant move toward promoting sustainable and affordable mobility in India, Greaves Electric Mobility Pvt. Ltd. (GEML) has announced a strategic partnership with Shriram Green Finance, the electric vehicle financing arm of Shriram Finance. The collaboration aims to enhance retail financing accessibility for Greaves’ electric three-wheelers (3W) and electric light commercial vehicles (ELE), empowering individuals and small businesses to seamlessly transition to clean and efficient transportation solutions.
Expanding EV Financing for Greaves 3W and ELE Portfolio
Under this partnership, customers can avail loans covering up to 90% of the vehicle’s value, along with competitive interest rates and flexible repayment options tailored to meet diverse business requirements. This initiative is designed to make electric mobility financially accessible and convenient for drivers, entrepreneurs, and fleet operators across India.
By combining GEML’s cutting-edge EV technology with Shriram Finance’s extensive financial reach, the collaboration will accelerate adoption of electric three-wheelers and LCVs across both urban and semi-urban markets, further supporting India’s clean energy transition.
A Legacy of Trust and Innovation in Electric Mobility
Backed by the 165-year Greaves legacy, GEML continues to redefine electric mobility through innovation, endurance, and performance. The company’s Greaves ELTRA City Xtra recently achieved a national record of 324 km on a single charge, as recognized by the India Book of Records. This milestone underscores GEML’s engineering excellence and its dedication to developing real-world, high-efficiency electric vehicles that deliver on reliability and performance.
Nationwide Reach and Strong Market Presence
The partnership between GEML and Shriram Green Finance will leverage Shriram’s vast lending network and Greaves’ 500+ touchpoints across India to streamline financing, sales, and after-sales support. Together, the companies aim to strengthen dealer networks, enhance customer access, and boost EV penetration in key states and emerging markets.
This alliance is set to play a pivotal role in empowering small business owners and fleet operators to adopt electric vehicles that offer lower operating costs, higher uptime, and environmental benefits—paving the way for an inclusive, self-reliant, and future-ready mobility ecosystem.
Driving India’s Sustainable Mobility Vision
Commenting on the partnership, Greaves Electric Mobility stated that the collaboration aligns with its vision to deliver products and solutions that “Outperform, Outlast, and Outshine” while contributing to India’s sustainable and self-reliant mobility journey.
By integrating Greaves’ expanding EV portfolio with Shriram Finance’s strong financial infrastructure, this strategic collaboration is expected to accelerate EV adoption, drive economic empowerment, and support the nation’s broader vision of net-zero transportation.
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