TVS Motor Company , a global leader in two and three-wheeler manufacturing, has announced a strategic partnership with Alt Mobility to introduce 3,000 electric three-wheelers by the fiscal year 2025-26. This collaboration aims to promote eco-friendly urban transport and support driver income through an innovative leasing model.

Partnership Details

The partnership, formalized through a Memorandum of Understanding (MoU), outlines a comprehensive plan for the deployment of both passenger and cargo electric three-wheelers. Under this agreement:

• TVS Motor Company will provide the vehicles
• Alt Mobility will handle procurement, leasing, and financing through its ecosystem
• The vehicles will be deployed under Alt's Drive-to-Own Program
• Joint finalization of models, variants, and specifications to best serve customer needs
• Distribution through TVS Motor's authorized dealers and Alt's points of sale across India

Innovative Leasing Model

Alt Mobility's Drive-to-Own leasing model is at the core of this initiative, offering several benefits:

• 24/7 vehicle monitoring and pre-emptive maintenance
• Minimized vehicle breakdown and downtime
• Enhanced vehicle health and higher uptime
• Improved asset utilization for better earning potential

The all-inclusive lease plan covers key expenses such as maintenance, insurance, roadside assistance, servicing, challan, and fitness management, providing users with a hassle-free ownership experience.

Impact and Objectives

This collaboration is set to make a significant impact on sustainable urban mobility:

• Strengthening clean mobility adoption across last-mile logistics and shared passenger mobility segments
• Supporting driver livelihood creation and small fleet operators
• Generating socio-economic value while advancing India's electric mobility transition

Executive Insights

Mr. Rajat Gupta, Business Head – Commercial Mobility, 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, engineered for superior range, faster charging, and durability, is designed to empower businesses and drivers with reliable, clean, and cost-efficient solutions."

Mr. Anuj Gupta, Co-founder & CBO, 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."

About the Companies

TVS Motor Company is a renowned two and three-wheeler manufacturer with a global presence. The company operates four state-of-the-art manufacturing facilities in India and Indonesia and has a legacy spanning over 100 years.

Alt Mobility, founded in 2021 and headquartered in New Delhi, is a full-stack electric fleet leasing platform. With a fleet of 13,000 vehicles across 20 Indian cities, the company offers comprehensive solutions for electric vehicle adoption.

This partnership between TVS Motor and Alt Mobility represents a significant step towards sustainable and accessible electric mobility in India, combining innovative technology with financial solutions to drive the adoption of eco-friendly transportation.

TVS Motors , a leading two and three-wheeler manufacturer, has announced its decision to transfer the complete benefit of reduced Goods and Services Tax (GST) rates directly to its customers. This move comes in response to recent reforms introduced by the GST Council, which has lowered the tax rates on Internal Combustion Engine (ICE) vehicles from 28% to 18%.

Significant Savings for Customers

The reduction in GST rates is expected to result in substantial savings for consumers across TVS Motor's ICE product portfolio. The company has confirmed that these benefits will be available to customers starting September 22, 2025, enhancing the accessibility of their ICE products.

Impact on Electric Vehicles

It's worth noting that electric vehicles remain unaffected by this change and will continue to enjoy the concessional GST rate of 5%.

Management's Perspective

KN Radhakrishnan, Director & CEO of TVS Motor Company, commented on the development, stating, "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." He further added, "The Government's consistent efforts to boost growth and strengthen the middle class's spending power are vital steps towards realising the Hon'ble Prime Minister's vision of Viksit Bharat 2047."

Commitment to Customer Communication

TVS Motor has pledged to undertake extensive communication measures to inform customers about the benefits accruing from the GST rate reductions. This initiative aligns with the company's commitment to providing mobility solutions that are trusted, reliable, and offer an unparalleled user experience.

Company Overview

TVS Motor Company, with its century-old legacy, operates four state-of-the-art manufacturing facilities in India and Indonesia. The company has a strong global presence, exporting its products to 80 countries. TVS Motor is recognized for its commitment to quality, having won the prestigious Deming Prize, and consistently leading in J.D. Power IQS & APEAL surveys and Customer Service Satisfaction Survey.

This move by TVS Motor to pass on the full benefit of GST rate cuts demonstrates the company's dedication to its customers and its support for the government's initiatives to boost economic growth and consumption in the automotive sector.