By Bl Chennai Bureau

Copyright thehindubusinessline

TVS Motor Company has signed a Memorandum of Understanding (MoU) with ALT Mobility, a 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.

As part of this collaboration, TVS Motor Company will provide vehicles, while ALT Mobility will procure, lease and finance them through its ecosystem. The models, variants and specifications will be jointly finalised to best serve customer needs, and the vehicles will be rolled out through TVS Motor’s extensive network authorised dealers and ALT’s point of sales across India. The vehicles will be deployed under ALT’s Drive-to-own leasing model to individual drivers and fleet operators for Cargo and Passenger transportation, says a release.

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, the release said.

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. Together with ALT Mobility, it is our endeavour to make electric mobility more accessible while creating a measurable impact on the environment and livelihoods.”

According to Anuj Gupta, Co-founder & CBO, ALT Mobility, said, “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.”

Published on September 15, 2025