TVS Motor Partners with ALT Mobility to Deploy 3,000 Electric Vehicles

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26 Aug, 2025 12:21

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TVS Motor Company has announced a partnership with ALT Mobility to deploy up to 3,000 electric three-wheelers in FY 2025-26. The collaboration aims to enhance sustainable mobility and support driver livelihood creation.

Under the Memorandum of Understanding (MoU), TVS Motor Company will provide the vehicles, while ALT Mobility will handle procurement, leasing, and financing through its ecosystem. The vehicles will be deployed under ALT's Drive-to-own leasing model for both cargo and passenger transportation.

The partnership leverages ALT's integrated asset management, which includes 24x7 vehicle monitoring and pre-emptive maintenance, ensuring high vehicle uptime and better asset utilization.

Mr. Rajat Gupta, Business Head – Commercial Mobility, TVS Motor Company, stated that the collaboration is a significant step towards enabling sustainable urban and last-mile mobility at scale. Mr. Anuj Gupta, Co-founder & CBO, ALT Mobility, added that the partnership provides access to industry-leading vehicles and technology, facilitating the scaling of leasing and fleet operations.

ALT's all-inclusive lease plan covers key expense areas like maintenance, insurance, roadside assistance, servicing, challan and fitness management, giving vehicle users a hassle-free ownership experience.

TVS Motor Company (BSE: 532343 and NSE: TVSMOTOR) is a two and three-wheeler manufacturer with facilities in India and Indonesia. ALT Mobility, founded in 2021 and headquartered in New Delhi, is a full-stack electric fleet leasing platform.

ALT's all-inclusive lease plan covers key expense areas like maintenance, insurance, roadside assistance, servicing, challan and fitness management, giving vehicle users a hassle-free ownership experience.