Manba Finance Limited has signed a memorandum of understanding with TVS Motor Company Limited to act as a preferred financier for TVS three-wheeler vehicles across India. The strategic partnership establishes customized financing solutions for TVS three-wheeler customers, covering both cargo and passenger variants with particular emphasis on electric three-wheelers.

Partnership Details and Implementation

The collaboration will be implemented through a phased rollout on a pan-India basis, reinforcing both organizations' commitment towards sustainable mobility and accelerating electric vehicle adoption in India. The arrangement aims to strengthen Manba Finance's presence in the commercial vehicle financing segment while increasing emphasis on electric vehicle financing.

Strategic Market Impact

Three-wheelers play a key role in India's mobility ecosystem by supporting self-employment, small businesses, and last-mile transport solutions. Through this arrangement, both companies aim to improve access to credit and lower ownership barriers for owner-drivers, fleet operators, and small entrepreneurs across urban and semi-urban markets.

The partnership combines TVS Motor Company's product leadership in the three-wheeler segment with Manba Finance's extensive pan-India distribution network and customer-centric approach. This collaboration is expected to facilitate sustainable livelihood generation and support India's transition towards electric mobility.

Product and Service Innovation

Manba Finance plans to roll out innovative financing schemes for TVS three-wheeler customers as part of the collaboration. The company will introduce flexible repayment options and digital-first financing journeys designed to meet evolving customer needs across different geographies.

Management Commentary

Commenting on the partnership, Manish Shah, Managing Director of Manba Finance Limited, stated: "Three-wheelers, particularly electric vehicles, are powerful enablers of employment, entrepreneurship, and inclusive economic growth. Through responsible and accessible financing, we remain committed to supporting India's EV transition and sustainable mobility goals."

The collaboration aligns with Manba Finance's long-term strategy of diversifying its loan portfolio while increasing participation in future-ready and environmentally responsible mobility solutions. The partnership is expected to contribute positively to the company's business growth and loan book expansion over the medium to long term.

Company Background

Established in 1996, Manba Finance Limited operates as one of India's trusted and fast-growing NBFCs with a strong pan-India operational footprint. The company offers a diversified range of financial products including two-wheeler loans, three-wheeler and electric vehicle financing, used car loans, small business loans, and personal loans.

Manba Finance Limited , a trusted name in India's non-banking financial company (NBFC) sector, has announced a significant achievement in its 29-year journey. The company has reached the landmark of serving 1 million customers across India, marking a pivotal moment in its growth trajectory since its establishment in 1996.

Key Highlights

Diverse Financial Services

Manba Finance has built its reputation by offering a range of financial products tailored to meet the diverse needs of its customers:

• Vehicle Financing
• Business Loans
• Personal Loans

This milestone underscores Manba Finance's commitment to financial inclusion and its ability to adapt to the changing needs of India's growing economy. The company's extensive network of 1,300 dealership partners, coupled with its presence in 100 locations across 7 states, has been instrumental in reaching this significant customer base.

Strategic Growth

The achievement of 1 million customers is not just a number for Manba Finance; it represents the trust and confidence that individuals and businesses have placed in the company over nearly three decades. This growth also reflects the increasing demand for accessible and reliable financial services in India, particularly in the NBFC sector.

As Manba Finance celebrates this milestone, it stands poised for further expansion and innovation in the financial services landscape. The company's journey from its inception in 1996 to serving a million customers today is a testament to its resilience, customer-centric approach, and understanding of the Indian financial market's dynamics.

Moving forward, Manba Finance is likely to leverage this milestone to strengthen its market position, potentially explore new geographical territories, and continue innovating its product offerings to meet the evolving financial needs of India's diverse population.

This achievement not only marks a significant chapter in Manba Finance's history but also contributes to the broader narrative of India's growing financial inclusion and the crucial role played by NBFCs in bridging the credit gap in the country.