TVS, ALT Mobility to Roll Out 3,000 E-3 Wheelers by FY26

TVS Motor Co. has formed a strategic alliance with ALT Mobility, a leasing and asset management company, with an aim of installing 3,000 electric three-wheeler vehicles till the ongoing fiscal year. 

According to the contract, TVS will take charge of the manufacturing and the supply of vehicles, while ALT is expected to handle the procurement, leasing, and financing activities through its well-established ecosystem. They will together decide the range, features, and functionalities of the respective models to ensure the vehicles match customer specifications. The launch will use TVS Motor’s wide dealer network as well as ALT Mobility’s points of sale all over India.

This deployment will be done through ALT Mobility’s "drive-to-own" leasing model, which is specially created for individual drivers and fleet operators from the cargo and passenger transport segments. Amounting to the lowest barriers for drivers’ entry, the strategy will lead to quicker electrification of the mobility sector.

While discussing the partnership, Rajat Gupta, Business Head – Commercial Mobility at TVS Motor Company, said the alliance is a crucial step in taking sustainable urban and last-mile mobility solutions to a whole new level of implementation.

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Anuj Gupta, Co-founder and Chief Business Officer at ALT Mobility, remarked that getting hold of TVS Motor’s cutting-edge vehicles and technological advancements will create a strong position for ALT in the leasing and fleet business, thus allowing easier expansion.

This partnership is a very important step in speeding up electric three-wheeler adoption, as it is in line with the broader demand for India’s sustainable and accessible urban transportation solutions.