11 months ago
TVS Motor and ALT Mobility Partner on Electric 3-Wheelers
TVS Motor is teaming up with ALT Mobility to put up to 3,000 electric three-wheelers on the road.
These vehicles are for carrying passengers and cargo.
ALT Mobility will handle leasing, allowing drivers to eventually own them.
TVS Motor will provide the vehicles.
This helps make electric vehicles easier to use and supports cleaner transportation.
The deal aims to support drivers and businesses by providing an easy path to using electric vehicles, helping India’s transition to electric mobility.
TVS Motor and ALT Mobility partnered to deploy up to 3,000 electric three-wheelers.
TVS Motor will supply the electric vehicles.
ALT Mobility will handle leasing and financing.
Vehicles will be available via Drive-to-own model.
The initiative supports sustainable urban and last-mile mobility.
- Who
- TVS Motor Company and ALT Mobility
- What
- Partnered to deploy electric three-wheelers
- Where
- India
- When
- FY 2025-26, announced September 15, 2025
- Why
- To enable sustainable urban and last-mile mobility at scale.
Driver/Fleet operator
Manufacturer
Model
Driver/Fleet operator
Access to vehicles through a Drive-to-own model.
Manufacturer
Partnership for electric three-wheelers.
Key facts
- Companies Involved
- TVS Motor Company, ALT Mobility
- Partnership Goal
- Deploy electric three-wheelers
- Vehicle Type
- Electric three-wheelers (Passenger & Cargo)
- Vehicle Count
- Up to 3,000
- Deployment Period
- FY 2025-26
- Model
- Drive-to-own leasing model
Quotes
Rajat Gupta
Business Head – Commercial Mobility, TVS Motor Company
“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.”
thehindubusinessline.com
Anuj Gupta
Co-founder & CBO, ALT Mobility
“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.”
thehindubusinessline.com
Sources
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