TVS Motor Company and ALT Mobility Partner to Deploy 3,000 Electric Three-Wheelers in FY 2025-26
TVS Motor Company, a global leader in two and three-wheeler manufacturing, has signed a Memorandum of Understanding (MoU) with ALT Mobility, a leading leasing and asset management company, to enable the leasing and deployment of up to 3,000 TVS electric three-wheelers (Passenger & Cargo) during FY 2025-26. The vehicles will be deployed under ALT’s Drive-to-own leasing model to individual drivers and fleet operators for Cargo and Passenger transportation. The collaboration will serve both last-mile logistics and shared passenger mobility segments, thereby strengthening clean mobility adoption across multiple use cases. The initiative will support driver livelihood creation and small fleet operators, generating socio-economic value while advancing India’s electric mobility transition.
Key Highlights
- TVS Motor Company and ALT Mobility to deploy 3,000 electric three-wheelers in FY 2025-26
- Collaboration aims to enable sustainable urban and last-mile mobility at scale
- ALT Mobility to procure, lease, and finance the vehicles through its ecosystem
- Vehicles to be deployed under ALT’s Drive-to-own leasing model
- Collaboration to serve both last-mile logistics and shared passenger mobility segments