Greaves Cotton 's electric mobility subsidiary, Greaves Electric Mobility Limited (GEML), announced a strategic partnership with Muthoot Capital Services on July 28, 2026, to enhance access to affordable financing for its Ampere brand electric two-wheelers. The collaboration aims to lower upfront cost barriers for consumers across urban and semi-urban India by leveraging Muthoot Capital’s retail non-banking financial company (NBFC) network. This move is designed to accelerate electric vehicle (EV) adoption by providing flexible repayment options tailored to diverse income profiles, including salaried professionals, self-employed individuals, gig workers, and small business owners.

The partnership addresses a critical hurdle in the EV market: affordability. By integrating GEML’s product portfolio with Muthoot Capital’s lending capabilities, the alliance seeks to make ownership financially sustainable for a broader customer base. The financing solutions will be available through Ampere’s extensive dealer network, which includes over 500 touchpoints across India. This expansion of financial accessibility supports GEML’s strategy to penetrate deeper into emerging markets beyond metropolitan centers.

Strategic Objectives

The collaboration focuses on democratizing access to clean mobility. Key aspects of the partnership include:

Manoj M. P., Chief Business Officer at Greaves Electric Mobility, emphasized that financing plays a crucial role in supporting EV buyers. He stated that the partnership combines Ampere’s growing portfolio with trusted financial services to remove barriers and empower customers with greater choice and convenience.

Mathews Markose, CEO of Muthoot Capital Services, highlighted the importance of inclusive mobility financing in the country’s transition to sustainable transportation. He noted that the partnership leverages Muthoot’s deep understanding of retail financing and technology-enabled lending to deliver seamless and transparent solutions. This approach aims to create long-term value for customers, dealers, and the broader EV ecosystem.

Market Context

Greaves Electric Mobility has over 17 years of experience in designing and manufacturing electric vehicles, holding multiple India and Asia Book of Records titles for its scooter performance and durability. Backed by the 165-year legacy of Greaves Cotton Limited, GEML operates three manufacturing plants in Hyderabad, Noida, and Ranipet. The company serves both the electric two-wheeler and three-wheeler segments, supported by subsidiaries MLR Auto Limited and Bestway Agencies Private Limited.

This partnership aligns with GEML’s ongoing efforts to strengthen its market presence through strategic alliances and expanded dealer networks. As India pushes for greater EV adoption, such collaborations between manufacturers and NBFCs are becoming essential to drive mass market penetration and support the nation’s sustainable mobility goals.

Greaves Cotton Limited has scheduled a quarterly earnings call for Wednesday, August 5, 2026, to discuss its financial performance for the quarter ended June 30, 2026. The conference is set to begin at 11:00 AM IST, providing investors and analysts with an opportunity to review the company’s operational and financial metrics for Q1 FY27. The announcement serves as a procedural notification under market regulations, ensuring timely dissemination of information to stakeholders regarding the upcoming discussion on quarterly results.

The disclosure was filed with the Bombay Stock Exchange and the National Stock Exchange of India Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Atindra Basu, Group General Counsel & Company Secretary, signed the communication dated July 28, 2026. The filing confirms that the company will provide detailed insights into its business segments, including Energy Solutions, Mobility Solutions, and Industrial Solutions, during the scheduled teleconference.

Participants can access the earnings call through multiple channels, including a primary online login via Diamonds Pass and several telephone dial-in options. The company has provided specific access numbers for domestic and international participants to ensure broad accessibility for global investors.

Greaves Cotton Limited operates as a diversified engineering company with a legacy spanning over 165 years. The firm is known for manufacturing single-cylinder diesel engines and has expanded into electric mobility through its investee companies, Greaves Electric Mobility Limited and Greaves Finance Limited. These subsidiaries focus on electric two- and three-wheelers and EV-focused financing, respectively, aligning with the company’s strategy to accelerate EV adoption in India.

The safe harbor disclaimer accompanying the notice highlights that statements made during the call may include forward-looking assessments regarding strategic initiatives and economic performance. Investors are advised that actual results may differ due to market conditions, regulatory trends, and competitive pressures. The financial information discussed during the call will be distinct from audited financials, as it may include data from network or partner entities.