Ampere Vehicles partners with OTO Capital for vehicle leasing

Bangalore

Ampere Vehicles, a wholly-owned electric mobility subsidiary of Greaves Cotton Ltd., has partnered with OTO Capital, India’s first startup to offer vehicle leasing plan for buyers. The leasing option will be available from August 1st, 2020 exclusively in Bangalore. However, the company plans to extend services to Pune, Hyderabad, Delhi, Chennai and Cochin by the end of this year.

With this partnership the consumer can enjoy an electric two-wheeler at an affordable lease rental within 48 hours by going through a quick 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. Owing to this partnership, the cost of monthly payments will be significantly reduced for the owner. 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 Installment) of Rs 2,220.

OTO Capital has observed a surge in the interest from buyers since the COVID-19 outbreak. With public transport coming to a standstill in most parts of the country, people are wary of using ride-sharing apps and hailing cabs and are ready to own their own vehicles at an affordable cost.

As a responsible brand, pioneering the cause of clean last-mile mobility in the country, Ampere vehicles address health-conscious citizens looking forward to buying smart products that are affordable & sustainable in the long run. With COVID pandemic, protection of health & wealth has assumed significant importance & Ampere electric scooters are ready to support all eco-conscious customers with this unique value proposition.

These scooters enable 90 per cent savings as against conventional scooters. Also, electric scooters are zero-noise vehicles, promoting quiet drives and helping people to be calm and stress-free with less vibration and harshness which improves ride quality.

Sumit Chhazed, Co-founder, OTO Capital, stated, “Entering   the electric vehicle market is a big win for our company.  We encourage our customers   who   are   opting   for   an   environment-friendly   option   of   transportation.   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. 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.”