Muthoot Capital Services has entered into partnership with UK based Development Financial Institution for raising long term debt funds to promote its electric vehicle portfolio. Facilitated by Axis Bank, the collaboration entails a deal size of Rs 100 crore, highlighting the significance and commitment of Muthoot Capital in providing sustainable mobility solutions and its efforts in driving widespread adoption of electric vehicles in India especially among the lower middle-income segment.
This is one of the largest partnership deal bagged by Muthoot Capital for its sustainability and environmental led initiatives. While the company is currently involved in electric vehicles through co-lending route, it plans to grow its own EV book by around Rs 200 crore during FY25.
Muthoot Capital Services is one of India's Most Progressive Automobile Finance Companies.
| Company Name | CMP |
|---|---|
| Bajaj Finance | 908.70 |
| Shriram Finance | 1036.50 |
| Aditya Birla Capital | 340.20 |
| Chola Invest & Fin. | 1579.65 |
| Tata Capital | 337.60 |
| View more.. | |
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