TVS Motor and ALT Mobility Join Forces to Boost Electric Vehicle Adoption.

TVS Motor Company has joined forces with ALT Mobility, a leading leasing and asset management company, to deploy up to 3,000 electric three-wheelers (3Ws) across India in the upcoming fiscal year, FY 2025-26.

Under the new Memorandum of Understanding (MoU), TVS Motor will supply its electric passenger and cargo 3Ws, while ALT Mobility will handle the procurement, leasing, and financing through its established network. The initiative aims to support both last-mile logistics and shared passenger mobility, accelerating India's transition to cleaner transportation.

The vehicles will be offered to individual drivers and small fleet operators through ALT Mobility's "Drive-to-own" leasing model, empowering them to create livelihoods and own their assets. The two companies will jointly finalize the vehicle models and specifications to best meet customer needs.

The electric 3Ws will be rolled out through TVS Motor's authorized dealer network and ALT Mobility's points of sale nationwide. The collaboration is expected to create significant socio-economic value while strengthening the country's electric mobility ecosystem.