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Markets: TVS Motor strengthen electrification across diverse mobility segments

Fiinews by Fiinews
January 14, 2022
in Investment, Technology
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Collaboration to work on customised packages such as flexible financing options

TVS Motor Company, a reputed manufacturer of two-wheelers and three-wheelers globally, is committed to strengthen electrification across diverse mobility segments through a partnership with Swiggy’s which is adopting EVs in its delivery fleet and is rated as India’s largest on-demand delivery platform.

TVS Motor and Swiggy have signed a Memorandum of Understanding for exploring the co-creation of sustainable and comprehensive solutions for Swiggy’s delivery partners.

The collaboration will include working on customised packages like a need-specific product, flexible financing options and connected services.

Notably, the pilot will play a vital role in the adoption of EVs in food delivery and on-demand delivery services, Hosur, Tamil Nadu-based TVS Motor said on 13 Jan 2022.

TVS Motor Company has been at the forefront of delivering green and connected vehicles to customers.

“Our collaboration with Swiggy is a key step towards strengthening the electrification of mobility in food delivery and last-mile delivery services, furthering the easy adoption of EVs amongst customers. This also marks our foray into showcasing our commitment in the electric commercial mobility segment,” said Manu Saxena, Senior Vice President – Future Mobility, TVS Motor Company.

“We look forward to our alliance with Swiggy, who are the leaders in the Indian food and on-demand delivery market and are leading the way in creating a wide and sustainable e-mobility ecosystem in the country,” Saxena said.

Swiggy has been pioneering the need for greater EV adoption, with a commitment to make deliveries spanning 800,000 kilometres per day through EVs by 2025.

“We believe they offer a sustainable solution in green mobility while also empowering our delivery partners to earn more. This pilot with TVS will help us better understand the needs of the delivery fleet and the steps we can take to make our operations more greener and sustainable,” said Mihir Rajesh Shah, Vice President Operations, Swiggy.

The MoU is in line with its commitment to expanding the presence of TVS iQube Electric across all major cities by the end of the financial year. The electric scooter is presently available in 33 cities, including Delhi, Bangalore, Chennai, Pune, Kochi and Coimbatore.

TVS Motor is a reputed two and three-wheeler manufacturer and the flagship company of the US$8.5 billion TVS Group.

Founded in July 2014, the Bangalore-headquartered Swiggy operates in 500 Indian cities as of September 2021, and is rated as one of India’s largest online food ordering and delivery platform. fiinews.com

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