TVS Motor Company and Kadam Mobility Join Forces to Drive Clean Urban Mobility with 500 Electric Three-Wheelers

TVS Motor Company, a global leader in two and threewheeler manufacturing, today signed a Memorandum of Understanding (MoU) with Kadam Mobility, an EV-first fleet and infrastructure platform, to deploy 500 TVS King EV MAX electric three-wheelers during FY 2025-26. This partnership aims to strengthen sustainable public mobility across India's metros and Tier 1 cities empowering drivers and advancing inclusive urban growth.

Kadam Mobility will roll out these electric vehicles in phases, starting in pilot zones by Q2 of FY25-26, with a progressive scale-up in vehicle volumes and route coverage. With a strong focus on clean intra-city mobility and driver livelihood creation, Kadam Mobility plans to leverage this deployment to create dignified employment opportunities, especially for women and underrepresented communities.

The TVS King EV MAX, known for its superior range of 179 km, Bluetooth connectivity through TVS SmartXonnect™, fast-charging capability, spacious, and robust design, will support Kadam Mobility's ambition of offering affordable, reliable, and sustainable passenger services. The vehicles will be integrated into Kadam Mobility's existing electric mobility ecosystem, which includes EV deployment, charging infrastructure, and driver training.

Speaking on the occasion, Mr. Rajat Gupta, Business Head - Commercial Mobility, TVS Motor Company, said, "Our collaboration with Kadam Mobility reinforces our shared commitment to India's electric transition and inclusive urban mobility. The TVS King EV MAX, engineered with a strong focus on performance, range, and comfort, is well-suited to support Kadam Mobility's mission of enabling clean last-mile and passenger mobility for everyone in need. Together, we aim to drive impact at scale, while also supporting employment generation and dignified livelihoods in the mobility sector."

Mr. Anubhav Swara, Founder & CEO, Kadam Mobility, added: "At Kadam Mobility, our mission is to transform last-mile and passenger mobility through electric-first, partner-centric solutions. Partnering with TVS Motor Company gives us access to industry-leading vehicles and engineering excellence. This collaboration marks a major step toward our goal of scaling clean mobility infrastructure while empowering thousands of drivers with future-ready livelihoods. We are excited to deploy 500 electric vehicles in FY 2025-26 as part of this vision."

This partnership also marks Kadam Mobility's foray beyond delivery fleets into shared and passenger mobility services. The integration of TVS King EV MAX vehicles into Kadam Mobility's fleet will help expand its presence in urban commute solutions while supporting India's broader goals of electric mobility and inclusive development. As part of the launch, the first batch of TVS King EV MAX vehicles will be rolled out in June 2025.

Shares of TVS Motor Company Limited was last trading in BSE at Rs. 2763.45 as compared to the previous close of Rs. 2781.20. The total number of shares traded during the day was 25006 in over 3126 trades.

The stock hit an intraday high of Rs. 2800.15 and intraday low of 2723.55. The net turnover during the day was Rs. 68803262.00.

Source : Equity Bulls

Keywords

TVSMotorCompany INE494B01023 2Wheelers 3Wheelers MoU KadamMobility