NewsStocksSuzuki Motorcycle India Partners with Greaves Finance for e-ACCESS Electric Scooter Buyback and Financing SolutionsSuzuki Motorcycle India Partners with Greaves Finance for e-ACCESS Electric Scooter Buyback and Financing Solutions
Suzuki Motorcycle India has partnered with Greaves Finance Limited to offer enhanced ownership solutions for e-ACCESS electric scooter customers. The collaboration provides assured buyback programs with 36-month and 48-month options offering up to 60% and 50% resale value respectively. Additionally, customers can access retail finance through the ev.fin platform with loans up to 100% of vehicle cost, interest rates from 5.99%, and EMIs starting at ₹3,999.
*this image is generated using AI for illustrative purposes only.
Suzuki Motorcycle India has forged a strategic partnership with Greaves Finance Limited to revolutionize the ownership experience for customers of its e-ACCESS electric scooter. The collaboration introduces comprehensive buyback programs and retail finance solutions designed to address common concerns associated with electric vehicle ownership, particularly around resale value and financing accessibility.
Partnership Overview and Strategic Benefits
The partnership leverages Suzuki Motorcycle India's extensive dealership network alongside Greaves Finance's specialized EV-focused platform, ev.fin, to deliver enhanced value propositions for customers. This collaboration aims to provide predictable resale values and flexible financing options, addressing two critical pain points in the electric vehicle market.
"At Suzuki Motorcycle India, we continually look for ways to make the ownership journey easier and more reassuring for our customers," said Deepak Mutreja, Vice-President, Sales & Marketing, Suzuki Motorcycle India. "Through our association with Greaves Finance Ltd., we are introducing added value at both the purchase and resale stages of the Suzuki e-ACCESS."
Assured Buyback Upgrade Programme
The partnership introduces a structured buyback program designed to eliminate resale anxiety among electric vehicle buyers. Customers can select from two distinct buyback options:
| Plan Duration | Buyback Value | Coverage |
|---|---|---|
| 36-month plan | Up to 60% | Ex-showroom value |
| 48-month plan | Up to 50% | Effective ex-showroom price |
PB Sunil Kumar, Executive Director and CEO of Greaves Finance Ltd, emphasized the partnership's role in addressing EV resale concerns. "By offering buyback upgrade options and customised financing through our ev.fin platform, we are eliminating the 'resale anxiety' often associated with EVs," he stated.
Comprehensive Retail Finance Solutions
The ev.fin platform offers attractive financing options designed to make electric scooter ownership more accessible:
| Finance Feature | Details |
|---|---|
| Loan Coverage | Up to 100% of vehicle cost |
| Interest Rates | Starting from 5.99% |
| EMI Options | Beginning at ₹3,999 |
| Process | Fully digital |
| Down Payment | Low down payment options available |
The financing solutions are designed to accommodate diverse customer needs while maintaining competitive terms that make electric vehicle adoption more feasible for a broader customer base.
Market Availability and Customer Access
Bookings for the Suzuki e-ACCESS are currently underway, with the scooter set to become available across Suzuki Motorcycle India's dealer network. Customers will have immediate access to both the Assured Buyback Upgrade Programme and retail finance solutions at the point of purchase. Greaves Finance currently provides retail finance services across 75 cities in India, ensuring widespread accessibility for potential customers.
The partnership represents a significant step toward addressing traditional barriers to electric vehicle adoption, combining assured resale value with accessible financing to create a more compelling ownership proposition for Indian consumers.
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