TVS Motor Company, a global leader in two and three-wheeler manufacturing, has announced a significant partnership with ALT Mobility, a leading leasing and asset management company. The collaboration aims to deploy 3,000 electric three-wheelers in the fiscal year 2025-26, marking a substantial step towards sustainable urban and last-mile mobility solutions in India.

Key Highlights of the Partnership

• TVS Motor Company will provide the electric three-wheelers
• ALT Mobility will handle procurement, leasing, and financing through its ecosystem
• The partnership will cater to both cargo and passenger transportation segments
• Vehicles will be distributed through TVS Motor's authorized dealer network and ALT's sales points across India
• ALT Mobility will deploy these vehicles under its drive-to-own leasing model for individual drivers and fleet operators

Collaborative Approach

The two companies will jointly determine the models, variants, and specifications of the electric three-wheelers to best meet customer requirements. This collaborative approach ensures that the vehicles are tailored to the needs of the market and end-users.

ALT Mobility's Integrated Asset Management

At the core of this partnership is ALT Mobility's integrated asset management value proposition, which includes:

• 24x7 vehicle monitoring
• Pre-emptive maintenance to minimize potential vehicle breakdown or downtime
• All-inclusive lease plan covering:
  • Maintenance
  • Insurance
  • Roadside assistance
  • Servicing
  • Challan management
  • Fitness management

These features are designed to ensure top-notch vehicle health, higher uptime, and better asset utilization, ultimately leading to higher earning potential for drivers and fleet operators.

Statements from Leadership

Rajat Gupta, Business Head – Commercial Mobility at TVS Motor Company, stated:

"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 is designed to empower businesses and drivers with reliable, clean, and cost-efficient solutions."

Anuj Gupta, Co-founder & CBO of ALT Mobility, commented:

"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."

Impact and Future Outlook

This initiative is expected to serve both last-mile logistics and shared passenger mobility segments, strengthening clean mobility adoption across multiple use cases. It aims to support driver livelihood creation and small fleet operators, generating socio-economic value while advancing India's electric mobility transition.

The partnership between TVS Motor Company and ALT Mobility represents a significant step forward in the electric vehicle ecosystem in India, combining manufacturing expertise with innovative leasing and asset management solutions to make electric mobility more accessible and sustainable.

TVS Motor Company (TVSM) has announced its decision to transfer the complete benefit of the recent Goods and Services Tax (GST) rate reduction on internal combustion engine (ICE) vehicles to its customers, potentially leading to significant price reductions across its scooter and motorcycle lineup.

GST Rate Cut Details

The GST Council has implemented a substantial tax cut on ICE vehicles, reducing the rate from 28% to 18%. This new tax structure is set to take effect from September 22, 2025, promising to make TVS Motor's ICE products more accessible to a wider range of consumers. Meanwhile, electric vehicles will continue to enjoy the existing concessional GST rate of 5%.

Impact on Pricing

While specific price reductions have not been disclosed, the company expects the tax cut to result in substantial savings for customers across its ICE product range. TVS Motor has committed to passing on the full benefit of this GST rate reduction to its customers, which could potentially lead to a noticeable decrease in the prices of its scooters and motorcycles.

Management's Perspective

KN Radhakrishnan, Director & CEO of TVS Motor Company, expressed gratitude towards the government for these progressive reforms. He stated, "The GST rate rationalisation is a bold and transformative move that will accelerate consumption across society. We sincerely thank the Government of India for these progressive reforms."

Radhakrishnan further emphasized the company's commitment to providing mobility solutions, adding, "TVS Motor remains committed to providing mobility solutions that are trusted, reliable and provide unparalleled user experience."

Implementation and Communication

The benefits of the GST rate reduction will be available to customers starting September 22, 2025. TVS Motor has announced plans to undertake extensive communication measures to inform customers about the benefits resulting from these GST rate reductions.

Recent Financial Performance

In its most recent financial report, TVS Motor Company showcased strong performance for the June quarter. The company reported a net profit of ₹7.79 billion on revenue of ₹100.81 billion, indicating robust financial health.

Market Response

The announcement has been well-received by the market, with TVS Motor Company's shares closing 3.30% higher at ₹3,591.30 on the National Stock Exchange.

This move by TVS Motor Company, in response to the government's tax reforms, is expected to enhance the affordability of its ICE vehicles, potentially stimulating demand in the two-wheeler market. As the implementation date approaches, consumers and industry watchers will be keen to see the exact price revisions across TVS Motor's product range.