TVS Motor Company and Manba Finance Partner to Enhance Commercial Vehicle Affordability
TVS Motor Company has announced a strategic partnership with Manba Finance Limited to strengthen financing solutions for its commercial mobility customers. Through a newly signed Memorandum of Understanding (MoU), the two companies will offer retail finance options designed to improve vehicle accessibility and affordability across India.
Empowering Last-Mile Entrepreneurs
The collaboration focuses on providing structured financing for the entire TVS Commercial Mobility range, including both passenger and cargo three-wheelers. Key highlights of the partnership include:
- Broad Coverage: Financing is available for both internal combustion engine (ICE) and electric vehicle (EV) models.
- Flexible EMIs: Customers can access monthly EMI-based financing solutions tailored to their business needs.
- Market Penetration: The partnership aims to reach deeper into rural and semi-urban markets, supporting small-scale entrepreneurs and fleet operators.
- Efficiency: A core objective is to reduce the turnaround time (TAT) for loan processing, ensuring faster vehicle delivery.
Financial Benefits for Customers
This tie-up is designed to increase the purchasing power of customers by offering attractive down payment options and reducing monthly financial outflows. Bundled financing offers are also part of the agreement, aimed at delivering greater savings and long-term financial flexibility for business owners.
By simplifying access to capital, TVS Motor and Manba Finance seek to create a holistic ecosystem that supports sustainable business growth for their clients.
Leadership Perspectives
Mr. Rajat Gupta, Business Head of Commercial Mobility at TVS Motor Company, stated that the partnership strengthens their ability to offer competitive financing across their three-wheeler portfolio, ultimately helping fleet operators scale their businesses.
Mr. Manish Shah, Managing Director of Manba Finance Limited, emphasized that the collaboration aligns with their commitment to sustainable mobility and expects the partnership to be a significant growth driver in the coming fiscal years.
Frequently Asked Questions
Which vehicles are covered under the TVS and Manba Finance partnership? The agreement covers the entire range of TVS Commercial Mobility vehicles, including both passenger and cargo three-wheelers across ICE and EV platforms.
How does this partnership benefit rural customers? The collaboration specifically aims to improve market penetration in rural and semi-urban areas by offering accessible funding schemes and simplified loan processing.
What are the primary financial advantages for buyers? Customers can benefit from lower down payments, reduced monthly EMI outflows, and faster turnaround times for loan approvals.
Does Manba Finance provide loans for electric three-wheelers? Yes, the financing solutions specifically include electric vehicle (EV) three-wheeler models within the TVS portfolio.
When was this agreement officially signed? The partnership was announced on December 30, 2025.
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