Press Release

CredR collaborates with Ampere EV to provide instant quote for old petrol scooters

Ampere Electric, a wholly-owned electric mobility subsidiary of Greaves Cotton Ltd., continues to accelerate its EV growth in the country through collaboration with CredR, an Omni-channel two-wheeler used consumer brand. As part of the association, customers will be provided with convenient hassle-free exchange of used two-wheelers for Ampere escooters and receive their new vehicle within days. While exchanging the scooter, CredR will offer instant quotes for old petrol scooters thus reducing the upfront purchase price, thus facilitate easy switch to reliable & stylishAmpere Electric scooters. This exchange program will be launched in Delhi-NCR, Bengaluru, Pune and Hyderabad to start with and will soon be expanded across India.

Customers will need to bring in their old petrol 2-wheelers for a physical inspection and valuation at any Ampere EV showroom. An instant price quote/estimate will be generated through the proprietary pricing application powered by CredR. To complete the transaction, CredR will verify the documents and the health of the petrol version of the two-wheeler. The exchange price will then be adjusted against the final cost of the new Ampere Electric scooters.

Speaking on the announcement, P Sanjeev, COO Ampere Electric, said, “As one of the leading EV brands in India, we are looking to enhance accessibility & affordability for e2W buyers. Post unlock, we have seen good demand for Ampere escooters as reliable and affordable personal mobility solution. We believe increased consciousness towards safer and affordable means for transportation will make more petrol buyers consider EV. At this juncture, instant exchange scheme from CredR clubbed with unique leasing & low instalments will only help more people buy an Ampere electric scooter. Ampere electric has fast expanded its presence across length & breadth of country with overall footprint now around 250 EV dealerships.”

Commenting on this collaboration, Sasidhar Nandigam, Chief Strategic Officer, CredR, said, “India’s Electric mobility landscape is going to change dramatically post COVID-19 pandemic and the sales are expected to rise. As the sales of overall two-wheelers will see a boom, there will also be a rise in sales of electric 2-wheelers. Currently, electric mobility contributes to less than 1% of the 2-wheelers market in the country that can only increase from here. We are tremendously excited to partner with Ampere Electric in bringing about this shift in the market.”

Ampere electric has recently launched a new comfortable large e-scooter Magnus Pro, which has seen fantastic response. The company has received encouraging response for EV business with multiple prospects wanting to join hands as Channel Partners. Ampere is one of the fast growing electric two-wheeler brands in the country. In the last 12 years of its journey company has wide base of 60,000+ happy customers. Over the last few years the company has significantly contributed to the environment by saving 100 lakh litres of petrol and cutting down about 45000-ton CO2 emissions.

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