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Greaves Cotton’s step down arm enters into strategic partnership with Vidyuttech

17 Jul 2023 Evaluate

MLR Auto, a subsidiary of Greaves Electric Mobility (GEMPL), the e-mobility business of Greaves Cotton, has entered into strategic partnership with Vidyuttech, a leading financing platform and lifecycle management service provider. Under the partnership, Vidyuttech will provide flexible financing for MLR's electric three-wheelers.

With Vidyuttech's financing and lifecycle management services expertise, MLR's customers across India will benefit from simplified electric vehicle ownership. Vidyuttech's unique pay-perkm battery lease & attractive interest rate of approximately 10 % is designed to facilitate the adoption of Electric 3-wheelers, making them an affordable and sustainable choice for customers. Moreover, Vidyuttech's commitment to providing over 90 % on-road funding for potential customers significantly reduces the burden of down payment, making electric vehicle ownership more accessible than ever before.

Greaves Cotton commonly known as Greaves is one of the leading and diversified engineering companies in India with a rich legacy and brand trust of over 160 years impacting a million lives every day.


Greaves Cotton Share Price

161.40 3.15 (1.99%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Cummins India 5141.75
Greaves Cotton 161.40
Swaraj Engines 4049.20
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