Manba Finance signs MoU with TVS Motor to fund electric 3-wheelers across India

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.”