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TVS Motor, ALT Mobility Partner to Deploy 3,000 Electric Three-Wheelers in FY 2025–26

The tie-up uses a lease-to-own plan with bundled maintenance to cut upfront costs for drivers.

Overview

  • TVS will supply the vehicles while ALT manages leasing, financing, after-sales support, and asset management.
  • Sales will run through TVS dealerships and ALT Mobility sales locations across India.
  • ALT’s Drive-to-own model enables drivers and fleets to lease first and then take ownership to lower adoption barriers.
  • An integrated asset management system provides 24x7 monitoring and pre-emptive maintenance to protect uptime and earnings.
  • Both passenger and cargo variants are in scope, with final models and rollout details to be jointly finalized before deployment.