Chennai, Sep 15 (UNI) Two- and three-wheeler manufacturer TVS Motor Company today announced the signing of a Memorandum of Understanding (MoU) with ALT Mobility, a leasing and asset management company, to enable the leasing and deployment of up to 3,000 TVS electric three-wheelers (Passenger & Cargo) during FY 2025–26.
As part of the collaboration, TVS Motor will supply the vehicles, while ALT Mobility will procure, lease, and finance them through its ecosystem.
The models, variants, and specifications will be jointly finalized to meet customer needs. The vehicles will be made available through TVS Motor’s authorized dealerships and ALT’s points of sale across India.
Speaking on the occasion, Rajat Gupta, Business Head – Commercial Mobility at TVS Motor, said, “This collaboration with ALT Mobility is a significant step towards enabling sustainable urban and last-mile mobility at scale.”
Anuj Gupta, Co-founder and CBO of ALT Mobility, added, “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, Gupta said.
