TVS Motor Company has partnered with ALT Mobility to deploy up to 3,000 electric three-wheelers in FY 2025-26. ALT Mobility will procure, lease, and finance the vehicles. The vehicles will be deployed under ALT’s Drive-to-own leasing model for cargo and passenger transportation. This collaboration aims to promote sustainable urban mobility and create socio-economic value.
Partnership for Electric Mobility
TVS Motor Company and ALT Mobility have signed a Memorandum of Understanding (MoU) to deploy up to 3,000 TVS electric three-wheelers (Passenger & Cargo) in FY 2025-26. The announcement was made on September 15, 2025.
Details of the Collaboration
As part of the agreement, TVS Motor Company will provide the vehicles. ALT Mobility will handle the procurement, leasing, and financing through its ecosystem. The models, variants, and specifications will be jointly finalized to best serve customer needs. The vehicles will be rolled out through TVS Motor’s authorized dealer network and ALT’s point of sales across India.
Deployment and Leasing Model
The electric three-wheelers will be deployed under ALT’s Drive-to-own leasing model, targeting individual drivers and fleet operators for both cargo and passenger transportation services.
ALT’s Integrated Asset Management
ALT’s integrated asset management includes 24×7 vehicle monitoring and pre-emptive maintenance to minimize downtime, ensuring top-notch vehicle health and better asset utilization.
Statements from Leadership
Mr. Rajat Gupta, Business Head – Commercial Mobility, TVS Motor Company, stated, “This collaboration with ALT Mobility is a significant step towards enabling sustainable urban and last-mile mobility at scale… designed to empower businesses and drivers with reliable, clean, and cost-efficient solutions.”
Mr. Anuj Gupta, Co-founder & CBO, ALT Mobility, commented, “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… ensuring uptime, assured earnings, and a sustainable livelihood.”
ALT’s Lease Plan
ALT’s all-inclusive lease plan covers key expense areas such as maintenance, insurance, roadside assistance, servicing, challan and fitness management, providing vehicle users a hassle-free ownership experience.
Source: BSE
