TVS Motor and ALT Mobility Partner to Deploy 3,000 Electric Three-Wheelers in FY 2025-26

Key Highlights

• 3,000 electric three-wheelers planned for FY 2025-26.

• Leasing and drive-to-own model for drivers.

• ALT to handle asset management and compliance.

• Boost to last-mile and cargo EV adoption.

• Financial inclusion for drivers and fleet owners.

TVS Motor Company has signed a key agreement with ALT Mobility to put 3,000 electric three-wheelers on Indian roads in the fiscal year 2025-26. This collaboration aims to promote the use of electric vehicles for both passenger and cargo transport across the country.

Also Read: Indian Three-Wheeler Sales Hit Record 8.3% Growth in August 2025 Ahead of GST Cut

Agreement Details

Under this partnership, TVS Motor will supply electric three-wheelers designed for passenger and cargo needs. ALT Mobility will handle leasing, financing, and procurement using its well-established network.

These vehicles will be made available through TVS dealers and ALT Mobility sales points across India. The collaboration also introduces a drive-to-own model, which allows drivers and fleet operators to pay through leasing instead of a large upfront purchase. Over time, users can own the vehicle by completing their lease payments.

Support Services for Drivers and Fleet Operators

ALT Mobility will take full responsibility for asset management, including:

• Preventive maintenance

• 24/7 monitoring

• Insurance and roadside assistance

• Servicing and repairs

• Regulatory compliance

This approach ensures drivers can focus on earning while facing minimal downtime.

The partnership also promotes financial inclusion, enabling drivers who cannot afford to buy vehicles outright to still access EVs. This model will help small fleet owners and drivers grow their business while contributing to cleaner transportation.

Leadership Views

Rajat Gupta, Business Head for Commercial Mobility at TVS Motor, said this partnership represents a big step toward sustainable last-mile and urban mobility. He highlighted that TVS electric three-wheelers offer long range, fast charging, and high durability, making them reliable for commercial use.

Anuj Gupta, Co-founder and Chief Business Officer at ALT Mobility, added that the collaboration will scale up leasing operations and build a robust zero-emission logistics network in India.

Broader Impact

The partnership between TVS Motor and ALT Mobility will not only support India’s transition to electric mobility but also strengthen the last-mile logistics and passenger mobility sectors. It will create opportunities for thousands of drivers to earn a stable income while helping India move closer to its green transportation goals.

Also Read: Tata Motors Crosses 25,000 Public Charging Stations for Electric SCVs

CMV360 Says

This agreement between TVS Motor and ALT Mobility is a major step toward a cleaner and more accessible EV ecosystem. By offering leasing options, asset management, and financial inclusion, it supports small drivers and fleet operators while accelerating India’s transition toward sustainable last-mile and cargo mobility solutions.