TVS Motor and Manba Finance Partner to Boost Commercial Vehicle Financing in India

Key Highlights

• Financing for TVS commercial three-wheelers.

• Covers ICE and electric models.

• Easy EMIs with flexible down payment.

• Faster loan approvals nationwide.

• Strong focus on rural and semi-urban buyers.

TVS Motor Company has entered into a strategic partnership with Manba Finance Limited to strengthen financing options for commercial three-wheeler customers across India. The collaboration has been formalised through a Memorandum of Understanding (MoU) and aims to make vehicle ownership more affordable and accessible for entrepreneurs and fleet operators.

Easy Financing for ICE and Electric Three-Wheelers

Under this partnership, Manba Finance will provide monthly EMI-based retail financing for TVS Motor’s complete commercial three-wheeler portfolio. This includes both passenger and cargo models, powered by internal combustion engines (ICE) as well as electric drivetrains.

The move supports customers looking to invest in reliable last-mile mobility solutions, especially in the growing electric vehicle segment.

Focus on Affordability and Faster Loan Processing

The collaboration addresses key market challenges by offering competitive funding schemes, flexible down payment options, and reduced monthly EMIs. Customers will also benefit from faster loan approvals and bundled finance offers that improve overall savings and purchasing power.

Special emphasis has been placed on expanding reach in rural and semi-urban areas, helping small business owners and last-mile entrepreneurs grow their operations with easier access to finance.

Leadership Insights on the Partnership

Rajat Gupta, Business Head – Commercial Mobility at TVS Motor Company, said the partnership strengthens TVS Motor’s ability to offer accessible financing across its three-wheeler range. He added that the collaboration supports entrepreneurs by improving their earning potential and enabling business expansion.

Manish Shah, Managing Director of Manba Finance Limited, highlighted that the partnership aligns with the company’s focus on sustainable mobility. He noted that TVS Motor’s strong brand presence, wide distribution network, and industry expertise will help Manba Finance scale its three-wheeler financing business, with growth contributions expected from FY26.

Part of TVS Motor’s Broader Mobility Strategy

This collaboration reflects TVS Motor Company’s wider strategy of creating value beyond manufacturing by improving affordability, accessibility, and customer support in the commercial mobility space.

About TVS Motor Company

TVS Motor Company is a leading global manufacturer of two-wheelers and three-wheelers, with four manufacturing facilities located in India and Indonesia. The company is a recipient of the Deming Prize and has consistently performed well in J.D. Power quality and customer satisfaction surveys.

About Manba Finance Limited

Founded in 1996, Manba Finance Limited is a non-banking financial company (NBFC) offering vehicle loans, small business loans, and personal loans. The company follows a technology-driven lending approach and operates across India, serving a wide range of retail and commercial customers.

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CMV360 Says

The partnership between TVS Motor Company and Manba Finance Limited marks a strong step toward improving commercial vehicle affordability in India. By offering easy EMI options, flexible payments, and faster loan processing for ICE and electric three-wheelers, the collaboration supports entrepreneurs, fleet operators, and last-mile mobility businesses. This move also strengthens sustainable mobility growth while expanding financing access in rural and semi-urban markets.