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

TVS Motor Company and ALT Mobility will deploy 3,000 electric three-wheelers in India by FY26. TVS supplies the vehicles, while ALT handles leasing via a ‘Drive-to-own’ model for cargo and passenger use. ALT offers 24/7 monitoring and predictive maintenance. Rajat Gupta (TVS) cites EV efficiency; Anuj Gupta (ALT) stresses sustainable mobility and inclusion. Founded in 2021, ALT earlier raised $6M from Shell Ventures and others.