NEW DELHI, 15th September, 2025 : TVS Motor Company partnered with ALT Mobility in a bold move to accelerate sustainable last-mile mobility recently. The collaboration aims to deploy 3,000 electric three-wheelers across India in the financial year 2025–26, combining cutting-edge vehicle technology with flexible, inclusive leasing models for drivers and fleet operators.
Under this strategic collaboration, TVS Motor will supply its electric three-wheeler models, spanning both passenger and cargo segments while, ALT Mobility will handle procurement, leasing, and financing through its national network.
The vehicle models, variants, and technical specifications will be jointly finalized based on operational needs. The rollout will take place via TVS Motor’s extensive dealer network and ALT Mobility’s sales points across India.
The vehicles will be offered to individual drivers and fleet operators under ALT’s unique Drive-to-Own leasing model.
This model is designed to lower entry barriers for EV adoption, enabling a path to ownership while ensuring predictable earnings for users in both the cargo and passenger segments.
A core element of this collaboration is ALT Mobility’s end-to-end asset management proposition, which includes 24×7 vehicle monitoring and predictive maintenance.
This reduces the risk of breakdowns or operational downtime, thereby improving vehicle uptime and increasing daily earning potential for drivers.
The vehicles will be tracked and managed through connected platforms, ensuring consistently high performance standards across the deployed fleet.
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, engineered for superior range, faster charging, and durability, is designed to empower businesses and drivers with reliable, clean, and cost-efficient solutions. Together with ALT Mobility, it is our endeavour to make electric mobility more accessible while creating a measurable impact on the environment and livelihoods.”
Anuj Gupta, Co-founder and Chief Business Officer, ALT Mobility, added, “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. Through the Drive-to-own model and our integrated lease offerings, we are making electric vehicle adoption seamless for drivers and fleets — ensuring uptime, assured earnings, and a sustainable livelihood, while building a stronger zero-emission logistics ecosystem for the country.”
ALT’s all-inclusive lease plan is designed to deliver a hassle-free ownership experience and includes maintenance, insurance, roadside assistance, servicing, challan management, and fitness certification. This comprehensive approach simplifies fleet operations for users while boosting confidence in EV deployment.
By addressing both shared passenger transport and last-mile cargo logistics, the partnership between TVS Motor Company and ALT Mobility is a significant step forward in India’s electric vehicle transition. It not only supports the national ambition for zero-emission transport but also fosters inclusive growth by empowering drivers and small fleet operators across urban and semi-urban areas. With the rising demand for cleaner transport options, this collaboration exemplifies how technology, financial innovation, and ecosystem partnerships can accelerate the country’s move toward sustainable mobility.
