TVS Motor, ALT Mobility partner for electric three-wheeler deployment

TVS Motor Company and ALT Mobility have signed a Memorandum of Understanding (MoU) to deploy 3,000 TVS electric three-wheelers (passenger & cargo) in FY 2025–26. This partnership will see TVS Motor providing the vehicles, while ALT Mobility will handle procurement, leasing, and financing through its network.

The vehicles will be deployed under ALT Mobility’s Drive-to-own leasing model, targeting individual drivers and fleet operators for cargo and passenger transportation. This initiative underscores a commitment to sustainable urban and last-mile mobility, aiming to empower businesses and drivers with efficient and cost-effective solutions.

ALT Mobility's integrated asset management value proposition includes 24x7 vehicle monitoring and pre-emptive maintenance, ensuring higher uptime and earning potential. The all-inclusive lease plan covers maintenance, insurance, roadside assistance, servicing, and fitness management, aiming to provide a hassle-free ownership experience for vehicle users.