Partnership Details and Coverage
TVS Motor Company signed a Memorandum of Understanding with Manba Finance Limited for retail financing of its commercial mobility vehicles. Manba provides EMI-based solutions for passenger and cargo three-wheelers, including ICE and EV models. The deal enhances affordability through low down payments and reduced monthly outflows. It spans urban and rural markets nationwide. Customers gain bundled offers for greater financial flexibility.
Strategic Benefits for Customers and Markets
The collaboration cuts loan processing turnaround time and penetrates semi-urban regions deeply. Last-mile entrepreneurs and fleet operators access structured credit easily. TVS aims to build a robust commercial mobility ecosystem. Rajat Gupta, Business Head – Commercial Mobility, highlighted support for earning potential and scalability. Competitive schemes drive higher purchasing power.
Growth Outlook and Executive Insights
Manba Finance eyes scale in three-wheeler financing via TVS’s network and brand strength. Manish Shah, MD, expects significant FY26 contributions. The partnership aligns with sustainable mobility goals. It supports business expansion for small operators. Industry experts view it as a key enabler for EV uptake in logistics.
