New Delhi: TVS Motor Company has entered into a strategic collaboration with ALT Mobility to enable the leasing and deployment of up to 3,000 electric three-wheelers across India in FY 2025–26. The partnership aims to accelerate sustainable mobility adoption in both passenger and cargo segments.
TVS Motor ALT Mobility Partnership for Sustainable Urban Mobility
Under this MoU, TVS Motor will supply the electric three-wheelers, while ALT Mobility will manage procurement, financing, and leasing through its integrated platform. The vehicles will be rolled out via TVS Motor’s extensive dealer network and ALT’s sales channels across the country.
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The deployment will leverage ALT’s “Drive-to-own” leasing model, providing individual drivers and fleet operators with access to clean, reliable, and cost-efficient transportation solutions.
The collaboration also ensures vehicle uptime through ALT’s asset management system, which includes 24×7 monitoring, preventive maintenance, and servicing.
Rajat Gupta, Business Head – Commercial Mobility, TVS Motor Company, said, “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 engineered to empower businesses and drivers with reliable, clean, and cost-efficient solutions.”
Anuj Gupta, Co-founder & CBO of ALT Mobility, added, “Partnering with TVS Motor Company provides access to industry-leading vehicles and technology. Through our Drive-to-own model and integrated leasing services, we aim to make EV adoption seamless for drivers and fleets while supporting a zero-emission logistics ecosystem in India.”
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Impact on EV Adoption and Livelihood Creation
ALT Mobility’s all-inclusive lease plan covers maintenance, insurance, roadside assistance, and compliance services, ensuring a hassle-free ownership experience.
The TVS Motor ALT Mobility partnership is expected to strengthen last-mile logistics and passenger mobility, create driver livelihoods, and support small fleet operators.
