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Manba Finance Limited, on Wednesday, signed a memorandum of understanding with TVS Motor Company Limited to act as a preferred financier for TVS three-wheeler vehicles across India.
Under the MoU, Manba Finance will provide customised financing solutions for TVS three-wheelers, covering both cargo and passenger variants. The partnership places a specific focus on electric three-wheelers and will be implemented through a phased rollout on a pan-India basis.
The collaboration is aimed at strengthening Manba Finance’s presence in the commercial vehicle financing segment, with increased emphasis on electric vehicle financing.
According to the company, three-wheelers play a key role in India’s mobility ecosystem by supporting self-employment, small businesses and last-mile transport. Through this arrangement, both companies aim to improve access to credit and lower ownership barriers for owner-drivers, fleet operators and small entrepreneurs.
Manba Finance also plans to roll out flexible repayment options and digital-first financing journeys for TVS three-wheeler customers.
Manish Shah, Managing Director of Manba Finance Limited, in a statement, said, “Three-wheelers, particularly electric vehicles, are powerful enablers of employment, entrepreneurship, and inclusive economic growth. Through responsible and accessible financing, we remain committed to supporting India’s EV transition and sustainable mobility goals.”
Under the MoU, Manba Finance will provide customised financing solutions for TVS three-wheelers, covering both cargo and passenger variants. The partnership places a specific focus on electric three-wheelers and will be implemented through a phased rollout on a pan-India basis.
The collaboration is aimed at strengthening Manba Finance’s presence in the commercial vehicle financing segment, with increased emphasis on electric vehicle financing.
According to the company, three-wheelers play a key role in India’s mobility ecosystem by supporting self-employment, small businesses and last-mile transport. Through this arrangement, both companies aim to improve access to credit and lower ownership barriers for owner-drivers, fleet operators and small entrepreneurs.
Manba Finance also plans to roll out flexible repayment options and digital-first financing journeys for TVS three-wheeler customers.
Manish Shah, Managing Director of Manba Finance Limited, in a statement, said, “Three-wheelers, particularly electric vehicles, are powerful enablers of employment, entrepreneurship, and inclusive economic growth. Through responsible and accessible financing, we remain committed to supporting India’s EV transition and sustainable mobility goals.”
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