TVS Motor and Alt Mobility Forge Strategic Alliance to Accelerate Electric Fleet Leasing in India

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TVS Motor Company has announced a strategic partnership with Alt Mobility, a leading electric fleet leasing and lifecycle management platform, to revolutionize commercial electric mobility in India. The collaboration, revealed today, September 15, 2025, aims to deploy TVS’s electric two-wheelers at scale through Alt Mobility’s leasing ecosystem, targeting logistics, delivery, and urban fleet operators.

This move aligns with TVS Motor’s broader sustainability and electrification roadmap, and marks a significant step in expanding its B2B electric vehicle (EV) footprint across India’s rapidly growing last-mile delivery segment.

Key Highlights

Partnership Scope: TVS Motor will supply electric two-wheelers to Alt Mobility’s leasing platform, enabling large-scale deployment across commercial fleets
Vehicle Focus: TVS iQube and other upcoming electric models tailored for fleet use
Lifecycle Management: Alt Mobility to handle financing, maintenance, charging, and resale, offering full-stack EV fleet solutions
Target Segments: E-commerce, hyperlocal delivery, logistics, and urban mobility operators
Strategic Goal: Accelerate EV adoption in commercial fleets and reduce carbon footprint in urban transport

Under the partnership, Alt Mobility will integrate TVS’s electric scooters into its leasing platform, offering flexible ownership models to fleet operators. This includes pay-per-use, subscription, and long-term lease options, bundled with maintenance, insurance, and battery management services. The goal is to eliminate upfront capital barriers and simplify EV adoption for businesses.

TVS Motor, which recently showcased its next-gen electric concepts at the Bharat Mobility Global Expo 2025, is doubling down on its commitment to clean mobility. The company’s electric portfolio, led by the iQube ST and the newly unveiled TVS Vision iQube, is designed for high performance, low operating cost, and smart connectivity—features that align well with fleet requirements.

Alt Mobility, backed by institutional investors and known for its tech-driven fleet lifecycle platform, will also provide data analytics, route optimization, and charging infrastructure support. This ensures that fleet operators can manage their vehicles efficiently while maximizing uptime and minimizing operational costs.

Sudarshan Venu, Managing Director of TVS Motor Company, stated, “This partnership with Alt Mobility is a significant step in our mission to electrify urban transport. By combining our engineering excellence with Alt’s innovative leasing model, we aim to make electric mobility accessible and scalable for commercial users.”

The partnership is expected to begin pilot deployments in Q4 FY26 across Delhi NCR, Bengaluru, and Mumbai, with plans to scale to Tier 2 cities by FY27. Analysts view this alliance as a strategic move to capture the booming B2B EV segment, which is projected to grow at a CAGR of 45% over the next five years.

Sources: DriveSpark, GaadiWaadi, MarketScreener