Source: Gulfnews
The partnership announced recently, marks a significant milestone in Greaves Cotton’s commitment to promoting sustainable mobility solutions across the country, they said.
Under this collaboration, Greaves Finance Limited, a wholly-owned subsidiary of Greaves Cotton, will leverage Acko’s expertise in insurance solutions to enhance its 100% EV-focused lending platform, according to the media release. This initiative is designed to streamline the process of acquiring optimal insurance plans and financing options for EV owners, ensuring a seamless experience from purchase to maintenance.
The agreement facilitates cross-selling of Acko’s innovative insurance products through Greaves’ platform, empowering customers with comprehensive financial support tailored specifically for EV ownership, it further said This move underscores Greaves Cotton’s proactive approach to addressing the key challenges hindering widespread EV adoption, such as high initial costs and concerns over battery longevity.
PB Sunil Kumar, Executive Director and CEO of Greaves Finance Limited, emphasised the potential of accessible financing and insurance models in accelerating India’s transition towards sustainable mobility. He highlighted the robust growth of the Electric 2W segment in the fiscal year 2024, affirming the strategic importance of facilitating affordable ownership solutions to drive further market expansion.
Read full article: https://gulfnews.com/business/corporate-news/greaves-cotton-partners-with-acko-to-enhance-ev-ownership-experience-1.1721644180709
