New Delhi: Ampere Vehicles, a wholly-owned electric mobility subsidiary of Greaves Cotton Ltd, on Friday announced its partnership with OTO Capital to offer vehicle leasing plans for buyers.
As per the release, the leasing option will be available from August 1st, 2020 exclusively in Bangalore. However, the company is planning to extend the service to Pune, Hyderabad, Delhi, Chennai and Cochin by the end of this year.
The partnership enables consumers to lease an electric two-wheeler within 48 hours by going through a documentation process. Interested consumers can book their vehicles through the OTO Capital website or directly through the dealerships. Buyers can also have their scooter home delivered.
The company claims that the cost of monthly payments will be significantly reduced for the owner through this plan. For example, an Ampere Zeal model that would cost Rs 3,020 using other financial means can now be availed at an OMI (Ownership Monthly Instalment) of Rs 2,220.
Commenting on the partnership, Sumit Chhazed, Co-founder, OTO Capital said, “Entering the electric vehicle market is a big win for our company. The partnership with Ampere Electric has come at a time when consumers themselves are very conscious of the choices they make and the impact it makes on the planet. We hope to partner with all their dealers in the major cities to help buyers own their electric bikes at a lower cost.”
P Sanjeev, COO, Ampere Vehicles said, “We are happy to partner with OTO Capital to lease our range of bikes. This is an innovative model that will show promising results in the near future and change the way the auto industry operates with more affordable solutions.”