TVS Motor Partners With ALT Mobility for 3,000 EV Three-Wheelers

TVS Motor Company has teamed up with ALT Mobility to accelerate India’s electric mobility journey. The 2 firms have signed a Memorandum of Understanding (MoU) to introduce 3,000 electric three-wheelers across the country in FY 2025–26, strengthening last-mile transport and driver livelihoods.

Collaboration And Deployment Model

The partnership will see TVS Motor supply the vehicles, while ALT Mobility manages procurement, leasing, and financing through its ecosystem. Passenger and cargo variants will be jointly finalised and distributed via TVS Motor’s authorised dealer network and ALT’s points of sale across India. The vehicles will be deployed through ALT’s Drive-to-own leasing model, targeting both fleet operators and individual drivers.

ALT’s integrated asset management solution promises 24x7 monitoring and preventive maintenance, reducing downtime and boosting utilisation. This ensures healthier vehicles, higher uptime, and greater earning potential for users.

Comments from Management

As per the exchange filings, 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.”

Adding to this, Anuj Gupta, Co-founder & CBO, ALT Mobility, remarked: “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.”

Wider Impact and Industry Positioning

ALT’s all-inclusive lease plan covers maintenance, insurance, roadside assistance, servicing, challan and fitness management, delivering a hassle-free ownership experience. The collaboration is expected to strengthen clean mobility adoption in last-mile logistics and shared passenger transport. It will also support livelihood creation for drivers and small fleet operators while driving socio-economic benefits and advancing India’s transition towards zero-emission mobility.

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TVS Motors Share Price Performance 

As of September 15, 2025, at 1:31 PM, TVS Motors share price is trading at ₹3,477.40 per share, reflecting a decline of 0.43% from the previous closing price. 

Conclusion

The deployment of 3,000 electric three-wheelers represents a milestone in sustainable transport, blending TVS Motor’s vehicle expertise with ALT Mobility’s leasing and asset management model. Beyond cleaner cities, the initiative promises improved livelihoods, greater fleet efficiency, and stronger foundations for India’s growing electric mobility ecosystem.

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