TVS Motor Partners With Kadam Mobility To Deploy 500 Electric Three-Wheelers in FY26

New Delhi, June 3, 2025 — TVS Motor Company Ltd (BSE: 532343, NSE: TVSMOTOR) has signed a strategic Memorandum of Understanding (MoU) with Kadam Mobility, an electric-first fleet and infrastructure platform, to deploy 500 units of the TVS King EV MAX electric three-wheelers during FY 2025–26, marking a significant move toward clean and inclusive urban mobility.

Strategic Deployment and Rollout

The joint venture will involve a phased launch of vehicles from Q2 FY26, focused initially on pilot zones and expanding to Tier 1 cities and metros pan India. Kadam Mobility will integrate these vehicles with its strong EV ecosystem of deployment, charging network, and driver training.

The TVS King EV MAX is equipped with a mind-blowing 179 km range, TVS SmartXonnect™ Bluetooth connectivity, fast-charging capability. It is built with a durable, spacious design—a combination of these for delivering efficient and dignified passenger transport.

Focus on Sustainability and Social Impact

The program fits with both organizations’ common goal of promoting sustainable last-mile mobility and creating jobs, especially for women and underprivileged populations.

“Our collaboration with Kadam Mobility reinforces our shared commitment to India’s electric transition and inclusive urban mobility,” said Rajat Gupta, Business Head – Commercial Mobility, TVS Motor Company.

“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,” noted Anubhav Swara, Founder & CEO, Kadam Mobility.

Market Expansion and Industry Context

This agreement marks Kadam Mobility’s expansion into shared and passenger mobility, complementing its existing delivery fleet operations. The move enhances its national footprint and aligns with India’s EV growth agenda.

Kadam Mobility currently operates 800+ EVs and collaborates with leading logistics and mobility partners. The addition of TVS electric three-wheelers will further strengthen its position in the sustainable urban transport segment.

Company Overview

TVS Motor Company

A globally recognized manufacturer of two and three-wheelers with a 100-year legacy, TVS Motor operates across 80 countries and owns brands such as Norton Motorcycles (UK), Swiss E-Mobility Group, and EGO Movement in Switzerland. It is also the only Indian two-wheeler company to win the prestigious Deming Prize.

Kadam Mobility

With operations in key metros and Tier 1 cities, Kadam is a pioneer in EV-first mobility solutions, offering end-to-end services from EV deployment to driver skilling.

This partnership between TVS Motor and Kadam Mobility exemplifies the momentum building around EV adoption in India, marrying technological innovation with socioeconomic empowerment.

REF:https://nsearchives.nseindia.com/corporate/TEXRAIL_03062025142843_TexRailReceiptofOrder03062025Signed.pdf

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