The electric three-wheelers will be used for cargo and passenger transport, targeting individual drivers and fleet operators under ALT's drive-to-own leasing model.

Rajat Gupta, head of Commercial Mobility at TVS, highlighted that this collaboration is a significant step towards scaling sustainable mobility solutions and promoting eco-friendly urban transportation.

The partnership aims to make electric mobility more accessible and create a positive environmental and economic impact.

The vehicle models, variants, and specifications will be jointly finalized to meet customer needs, with deployment through TVS's authorized dealer network and ALT's sales points across India.

The electric three-wheelers are engineered for superior range, faster charging, and durability to provide reliable, cost-efficient solutions for businesses and drivers.

This initiative marks a major push by TVS and ALT to advance sustainable urban mobility and support the growth of electric vehicle adoption in India.

TVS Motor Company has partnered with ALT Mobility to deploy up to 3,000 electric three-wheelers in India during the fiscal year 2025-2026, aiming to promote sustainable urban and last-mile mobility.

Under this collaboration, TVS will supply the vehicles, while ALT Mobility will handle procurement, leasing, and financing through its ecosystem to facilitate the deployment.

ALT's Drive-to-own leasing model will be used, offering 24/7 vehicle monitoring and pre-emptive maintenance to ensure high vehicle uptime and better asset utilization.

The deployment will include both passenger and cargo variants, with models and specifications finalized to meet customer needs, and will be carried out through TVS's authorized dealer network and ALT's sales points across India.

Anuj Gupta, Co-founder and CBO of ALT Mobility, stated that the partnership provides access to industry-leading vehicles and technology, facilitating the expansion of leasing and fleet operations.