TVS Motor partners with ALT Mobility to deploy 3,000 electric three-wheelers in FY26

TVS Motor has partnered with ALT Mobility to roll out 3,000 electric three-wheelers this financial year.

Under the partnership, TVS will supply the vehicles, while ALT Mobility will handle procurement, leasing, and financing through its platform.

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TVS and ALT Mobility will jointly decide the models and specifications to suit customer needs. The vehicles will be available through TVS’s dealer network and ALT’s sales points across India, the company said.

The vehicles will be offered under ALT’s drive-to-own leasing model for both individual drivers and fleet operators, covering cargo and passenger transport, the company added.

"This collaboration with ALT Mobility is a significant step towards enabling sustainable urban and last-mile mobility at scale," TVS Motor Company Business Head - Commercial Mobility Rajat Gupta said.

Anuj Gupta, Co-founder and CBO of ALT Mobility, said the partnership with TVS Motor provides access to advanced vehicles and technology, enabling the company to expand its leasing and fleet operations more effectively.

TVS Motor is a global two- and three-wheeler manufacturer with four plants in India and Indonesia, operations in 80 countries, and subsidiaries like Norton Motorcycles in the UK and TVS Ebike Company AG in Switzerland. 

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ALT Mobility, founded in 2021 in New Delhi, is an electric fleet leasing platform managing 13,000 vehicles across 20 cities, offering leasing, servicing, charging, and fleet monitoring solutions.

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