Ampere Vehicles partners OTO Capital for affordable financing solutions

Ampere's vehicle leasing option will be available from August 1 in Bangalore and will be extended to some other cities by the end of this year.
By : PTI
| Updated on: 31 Jul 2020, 04:53 PM
Ampere Magnus Pro electric scooter
Ampere Magnus Pro electric scooter
Ampere Magnus Pro electric scooter
Ampere Magnus Pro electric scooter

Electric vehicle maker Ampere Vehicles on Friday said it has partnered with OTO Capital, a startup in automotive purchase financing, to offer vehicle leasing plan for buyers.

The leasing option will be available from August 1, 2020 exclusively in Bangalore and will be extended to Pune, Hyderabad, Delhi, Chennai and Cochin by the end of this year, the company said in a statement.

Consumers can have an affordable lease rental for electric two-wheeler within 48 hours after undergoing a documentation process and can also have their scooter home delivered, it added.

Ampere Vehicles, a wholly-owned electric mobility subsidiary of Greaves Cotton Ltd, said owing to this partnership, the cost of monthly payments will be significantly reduced for owners, for instance Ampere Zeal model that would cost 3,020 using other financial means can now be availed at an OMI (Ownership Monthly Instalment) of 2,220.

Similar Cars

Find More Cars
Tata Tigor Ev (HT Auto photo)
Tata Tigor Ev
Electric | Automatic
₹11.99 - 13.14 Lakhs**Ex-showroom price
Tata Altroz Ev (HT Auto photo)
UPCOMING
Tata Altroz Ev
 
₹12 - 15 Lakhs* *Expected Price
Tata Nexon Ev (HT Auto photo)
Tata Nexon Ev
Electric | Automatic
₹13.99 - 16.85 Lakhs**Ex-showroom price
Tata Nexon Ev Max (HT Auto photo)
Tata Nexon Ev Max
Electric | Automatic
₹17.74 - 19.24 Lakhs**Ex-showroom price
Mg Zs Ev (HT Auto photo)
Mg Zs Ev
Electric | Automatic
₹21 - 24.68 Lakhs**Ex-showroom price
Mg Zs Ev 2022 (HT Auto photo)
Mg Zs Ev 2022
Electric | Automatic
₹21.99 - 25.88 Lakhs**Ex-showroom price

(Also read: Ampere Vehicles acquires e-rickshaw firm Bestway Agencies with 74 per cent stake)

Ampere Vehicles COO P Sanjeev said, "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. The association is in line with our efforts to support many prospective e-scooter buyers as they are stressed to save cost owing to the current crisis scenario".

FOLLOW US:Stay Updated with latest content - Subscribe us on
FOLLOW US:Stay Updated with latest content - Subscribe us on

OTO Capital Co-founder Sumit Chhazed said entering the electric vehicle market is a big win for the company.

(Also read: Ampere discontinues Magnus 60 electric scooter)

The partnership with Ampere Vehicles has come at a time when consumers themselves are very conscious of the choices they make and the impact it makes on the planet, he said adding, "We hope to partner with all their dealers in the major cities to help buyers own their electric bikes at a lower cost".

First Published Date: 31 Jul 2020, 04:52 PM IST
Recommended For You
View All
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking VIEW OFFERS you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city