TVS Motor Company and Kadam Mobility Join Forces to Drive Clean Urban Mobility with 500 Electric Three-Wheelers
Awaiting price reaction for this filing.
TVS Motor Company signed a Memorandum of Understanding (MoU) with Kadam Mobility, an EV-first fleet platform, to deploy 500 TVS King EV MAX electric three-wheelers during FY 2025–26. The rollout will begin in pilot zones by Q2 FY25–26 and scale up across metros and Tier 1 cities. The TVS King EV MAX offers a 179 km range, Bluetooth connectivity via TVS SmartXonnect, and fast-charging capability. Kadam Mobility, which already operates 800+ EVs, will integrate the vehicles into its existing charging and driver training ecosystem. The first batch is set to roll out in June 2025, marking Kadam Mobility's entry into shared passenger mobility beyond delivery fleets.
This collaboration strengthens TVS Motor's position in the electric commercial mobility segment and supports its EV growth strategy, though the financial impact from a 500-vehicle deployment is likely modest at this stage.