Electric mobility in India is shifting into a higher gear, and TVS Motor Company has teamed up with ALT Mobility to bring 3,000 electric three-wheelers, both passenger and cargo, to Indian roads in the financial year 2025–26.
TVS Motor will supply the electric vehicles, while ALT Mobility will handle leasing and financing, under this partnership. The vehicles will be sold through TVS’s dealer network and ALT’s sales location across India. The models and specifications will be finalized jointly, after ensuring they meet the needs of both individual drivers and fleet operators.
The three-wheelers will be stationed under ALT’s “Drive-to-own” leasing model, where drivers and fleet owners can lease the vehicle and then own it. This model is aimed at making
electric vehicle adoption more affordable and accessible.
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Major highlight of this partnership is ALT’s integrated asset management system. It allows 24x7 vehicle monitoring and pre-emptive maintenance, which means vehicles can be checked and fixed before they actually break down. This ensures longer uptime, better vehicle health and uplifted earnings for drivers who depend on these vehicles for their daily wages.
Rajat Gupta, Business Head – Commercial Mobility, TVS Motor Company, said, “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.”
Anuj Gupta, Co-founder & CBO, ALT Mobility added, “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 lease plan is designed to take away the hassles of owning a three wheeler. It covers expenses like maintenance, insurance, roadside assistance, servicing, challans, and fitness management.
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