TVS Motor signs MoU with ALT Mobility

TVS Motor Company signed Memorandum of Understanding (MoU) with ALT Mobility, a leading leasing and asset management company, to enable the leasing and deployment of up to 3,000 TVS electric threewheelers (Passenger & Cargo) during FY 2025–26.

As part of this collaboration, TVS Motor Company will provide vehicles, while ALT Mobility will procure, lease, and finance them through its ecosystem. The models, variants, and specifications will be jointly finalized to best serve customer needs, and the vehicles will be rolled out through TVS Motor's extensive network authorized dealers and ALT’s point of sales across India.

The vehicles will be deployed under ALT’s Drive-to-own leasing model to individual drivers and fleet operators for Cargo and Passenger transportation.

At 1.32 pm, TVS Motor Company was trading at Rs. 3,478.15, down by 0.46%, with a volume of 0.11 lakh shares on the BSE.