Greaves Finance, a non-banking financial company (NBFC) and a wholly owned subsidiary of Greaves Cotton, through its 100% ev-focused lending platform evfin, has entered into a partnership with Muthoot Capital Services (MCSL), one of India's fastest growing NBFCs and a publicly traded entity of the Muthoot Pappachan Group, to launch a pioneering colending arrangement to increase the availability of electric two-wheeler financing solutions across India. The collaboration entails a total deal size of up to Rs 150 crore ($18 million), highlighting the scale and ambition of the initiative to drive widespread adoption of electric vehicles in India.
As the demand for electric vehicles (EVs) continues to surge in India, this collaboration underscores both companies' commitment to accelerating the adoption of sustainable transportation alternatives. Leveraging evfin’s expertise in customised automotive financing based on asset lifecycle management and Muthoot Capital's established presence in the financial sector, this partnership aims to facilitate affordable, customised, and convenient financing options for customers looking to purchase electric two-wheelers.
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.
| Company Name | CMP |
|---|---|
| Cummins India | 3322.30 |
| Greaves Cotton | 172.55 |
| Swaraj Engines | 2900.90 |
| View more.. | |
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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