TVS Motor Company (TVSM), a leading player in the two and three-wheeler segments, has made significant strides in the electric vehicle (EV) sector and expanded its presence in the African market. The company has introduced India's first EV-Smartwatch integration, reported strong growth in EV sales, and launched a CNG-powered three-wheeler in Tanzania.

Revolutionary Integration

TVS Motor has partnered with Noise, a prominent connected lifestyle brand, to integrate its popular iQube electric scooter with a special edition Noise smartwatch. This groundbreaking innovation combines wearable technology with electric vehicle functionality, setting a new benchmark in the industry.

Key Features

The EV-Smartwatch integration provides users with a range of features designed to make their rides smarter, safer, and more convenient:

• Vehicle Status Monitoring: Displays the scooter's status (locked, unlocked, on ride, charging, or charging complete) on the smartwatch.
• Battery Insights: Shows the State of Charge (SoC) with visual cues for charging progress and low battery alerts.
• Range Information: Provides the Distance to Empty (DTE) across different ride modes for efficient trip planning.
• Tyre Pressure Monitoring: Offers live pressure values for both tyres with recommended pressure benchmarks and alerts on select models.
• Safety Alerts: Includes features like tow/theft alerts, crash/fall detection, and geofence notifications.

Market Impact and EV Sales Growth

TVS Motor Chairman Sudarshan Venu reported that electric two-wheeler sales have reached approximately one lakh units per month, driven by GST policies, PLI schemes, and PM e-drive initiatives. The company is experiencing strong bookings and registrations, with expected sales growth after September 22 when auspicious periods begin and GST rate transitions take effect.

The integration with Noise comes at a time when TVS iQube has achieved a significant milestone, surpassing 650,000 unit sales in the domestic market. This partnership further solidifies TVS Motor's position as India's No.1 EV scooter brand, offering enhanced customer choice and experience.

Expanding Sustainable Fuel Portfolio

TVS is expanding its sustainable fuel portfolio, with CNG variants for two-wheelers and three-wheelers, an upcoming Jupiter CNG model, and an Ethanol Apache in development. This diversification aligns with the company's commitment to sustainability and meeting diverse customer needs.

Executive Insights

Aniruddha Haldar, Senior Vice President at TVS Motor Company, emphasized the company's commitment to blending technology, sustainability, and customer-centric innovation. He stated, "By integrating the TVS iQube with a connected smartwatch, we are empowering our riders with smarter, safer and more intuitive journeys while shaping the future of mobility in India."

Sudarshan Venu noted that GST 2.0 reforms support middle-income and middle-class consumption by focusing on sectors affecting common consumption patterns. He also highlighted strong export performance in newer markets including Turkey and the Middle East.

Availability and Pricing

The TVS iQube Noise Smartwatch will be exclusively available on the TVS iQube official website at an introductory price of ₹2,999.00. The package includes a complimentary 12-month Noise Gold subscription, offering additional value to early adopters.

India's Economic Transformation

Venu emphasized India's transformation from a 'fragile five' economy to a top global performer over the past decade, citing GST implementation and UPI as key reforms that established India as a leader in digital payments.

Expansion into African Market

In a significant move to expand its international presence, TVS Motor has launched the TVS King Deluxe Plus CNG 3-Wheeler in Tanzania. This launch represents the company's strategic expansion of its commercial vehicle offerings in the African market with a compressed natural gas-powered three-wheeler variant. The introduction of this CNG model aligns with TVS Motor's commitment to providing sustainable transportation solutions across diverse markets.

This innovative integration, the reported growth in EV sales, and the expansion into the African market with CNG vehicles represent significant steps forward in TVS Motor's global strategy. As the industry continues to evolve, such advancements are likely to play a crucial role in shaping the future of mobility in India and beyond.

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.