TVS Motor Company, Alt Mobility Partner to Deploy 3,000 Electric Three-Wheelers in FY 2025–26
TVS Motor Company has signed an MoU with ALT Mobility to lease and deploy up to 3,000 electric three-wheelers in FY 2025-26, boosting last-mile logistics and shared passenger mobility in India. While TVS Motor Company will provide vehicles, ALT Mobility will procure, lease, and finance them through its ecosystem.
September 17, 2025. By Mrinmoy Dey
As part of this collaboration, TVS Motor Company will provide vehicles, while ALT Mobility will procure, lease, and finance them through its ecosystem. The models, variants, and specifications will be jointly finalised to best serve customer needs, and the vehicles will be rolled out through TVS Motor's extensive network authorised dealers and ALT's point of sales across India.
The vehicles will be deployed under ALT's Drive-to-own leasing model to individual drivers and fleet operators for Cargo and Passenger transportation.
At the core of the offering is ALT's integrated asset management value proposition, which ensures 24x7 vehicle monitoring and pre-emptive maintenance to minimise potential vehicle breakdown or downtime. This leads to top-notch vehicle health, enables higher uptime and therefore better asset utilization for higher earning potential.
Speaking on the occasion, Rajat Gupta, Business Head - Commercial Mobility, TVS Motor Company, said, “This collaboration with ALT Mobility is a significant step towards enabling sustainable urban and last-mile mobility at scale. Our advanced electric three-wheeler portfolio, engineered for superior range, faster charging, and durability, is designed to empower businesses and drivers with reliable, clean, and cost-efficient solutions. Together with ALT Mobility, it is our endeavour to make electric mobility more accessible while creating a measurable impact on the environment and livelihoods.”
Commenting on the partnership, Anuj Gupta, Co-founder and CBO, ALT Mobility, said, “We are committed to building scalable solutions that integrate sustainable mobility with financial inclusion. 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. 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.”
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.
The collaboration will serve both last-mile logistics and shared passenger mobility segments, thereby strengthening clean mobility adoption across multiple use cases. The initiative will support driver livelihood creation and small fleet operators, generating socio-economic value while advancing India’s electric mobility transition.
please contact: contact@energetica-india.net.
Azmathullah Mohammed, Senior Sales Director, Dassault Systèmes India
Neerav Mehta, Joint General Manager
L&T and Dassault Systemes Redefine EPC Project Management with Virtual Twin Technology
Anoop Anand
President – Motion High Power
Digitalisation is Key to Sustainable Energy, Explains ABB’s Anoop Anand
Ankit Mathur
Co-founder and CEO
Carbon Markets Can Transform Rural Clean Energy, Says Greenway Grameen's Ankit Mathur
Manjula Girish
Business Head, EV Charging and Photovoltaic Inverter Division
She Matters: More Women in Decision-Making Roles Key to India’s Energy Transition
Vivek Bhide
Regional President (India) and Group Transformation Officer
John Cockerill to Expand Electrolyser and Green Steel Projects in India, Says Vivek Bhide