TVS Motor Company Limited has informed the Exchange regarding a press release dated Jun 03, 2025, titled "TVS Motor Company and Kadam Mobility Join Forces to Drive Clean Urban Mobility with 500 Electric Three-Wheelers".
TVSMOTOR · price
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Awaiting price reaction for this filing.
TVS Motor Company has signed a Memorandum of Understanding (MoU) with Kadam Mobility, an EV-first fleet platform, to deploy 500 units of its TVS King EV MAX electric three-wheelers across India's metros and Tier 1 cities during FY 2025–26. The rollout will happen in phases, with pilot zones starting in Q2 of FY25–26 and the first batch of vehicles hitting the road in June 2025. The TVS King EV MAX offers a 179 km range, Bluetooth connectivity via TVS SmartXonnect, and fast-charging support. Kadam Mobility, which currently operates over 800 EVs, is expanding from delivery fleets into shared passenger mobility services. The partnership aims to support clean urban transport while creating employment, especially for women and underrepresented driver communities.
Positive for TVS Motor — strengthens its position in the commercial electric three-wheeler segment and adds a new fleet-based revenue channel. Modest near-term scale (500 units) but signals continued momentum in EV adoption and strategic partnerships in urban mobility.