TVS Motor, ALT Mobility Team Up to Deploy 3,000 EV Three-Wheelers

New Delhi- TVS Motor Company Limited., a two- and three-wheeler manufacturer, has signed a Memorandum of Understanding (MoU) with ALT Mobility to enable the leasing and deployment of up to 3,000 electric three-wheelers (Passenger & Cargo) during FY 2025–26. Under the partnership, TVS will supply the vehicles, while ALT Mobility will handle procurement, financing, and leasing through its nationwide ecosystem. Vehicle models, variants, and specifications will be jointly finalized to meet customer requirements, with rollout through TVS Motor’s dealer network and ALT’s points of sale across India.

The electric three-wheelers will be deployed under ALT’s Drive-to-Own leasing model for individual drivers and fleet operators. The collaboration leverages ALT’s integrated asset management system, offering 24x7 vehicle monitoring and pre-emptive maintenance to reduce downtime, improve uptime, and maximize earning potential. ALT’s comprehensive lease plan also covers maintenance, insurance, roadside assistance, servicing, challan, and fitness management, providing a hassle-free ownership experience.

This initiative targets both last-mile logistics and shared passenger mobility, supporting driver livelihoods, small fleet operators, and socio-economic development, while driving adoption of clean mobility solutions across India’s transport ecosystem.

Mr. Rajat Gupta, Business Head – Commercial Mobility, TVS Motor Company, said, “This collaboration with ALT Mobility is a significant step towards enabling sustainable urban and last-mile mobility at scale. Our advanced electric three-wheeler portfolio, engineered for superior range, faster charging, and durability, is designed to empower businesses and drivers with reliable, clean, and cost-efficient solutions. Together with ALT Mobility, it is our endeavour to make electric mobility more accessible while creating a measurable impact on the environment and livelihoods.”

Mr. Anuj Gupta, Co-founder & CBO, ALT Mobility, said, “We are committed to building scalable solutions that integrate sustainable mobility with financial inclusion. Partnering with TVS Motor Company gives us access to industry-leading vehicles and technology, which will help us scale our leasing and fleet operations effectively. Through the Drive-to-own model and our integrated lease offerings, we are making electric vehicle adoption seamless for drivers and fleets — ensuring uptime, assured earnings, and a sustainable livelihood, while building a stronger zero-emission logistics’ ecosystem for the country.”

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