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TVS Motor Company inks pact with ALT Mobility to deploy up to 3,000 electric three-wheelers in FY26
Sep-15-2025

TVS Motor Company 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 (FY26). As part of this collaboration, the company will provide vehicles, while ALT Mobility will procure, lease, and finance them through its ecosystem. The models, variants, and specifications will be jointly finalized to best serve customer needs, and the vehicles will be rolled out through company’s extensive network authorized 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.

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.

TVS Motor Company is a two and three-wheeler manufacturer globally, championing progress through sustainable mobility with four state-of-the-art manufacturing facilities located in India and Indonesia.

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