On Tuesday, TVS Motor Company and Kadam Mobility inked a Memorandum of Understanding (MoU) for the deployment of 500 electric three-wheelers in the 2025–2026 fiscal year. TVS Motor’s stock fell 0.54% to settle at ₹2,748.60 today.
By the second quarter of the fiscal year, TVS King EV MAX vehicles will be gradually introduced by Kadam Mobility, a fleet and EV infrastructure platform, beginning in a few trial areas.
Metro and Tier 1 cities will see a gradual increase in the deployment’s volume and route coverage.
The partnership intends to support India’s transition to electric vehicles (EVs) and advance respectable employment, particularly for women and marginalised groups. Kadam intends to include the cars into its larger EV ecosystem, which also consists of driver education initiatives and charging stations.
Kadam Mobility’s goal of providing reasonably priced, dependable, and environmentally friendly passenger services will be supported by the TVS King EV MAX, which is renowned for its exceptional 179-kilometre range, fast-charging capacity, Bluetooth connectivity via TVS SmartXonnectTM, and roomy and sturdy construction. In a regulatory filing, Kadam Mobility stated that the cars would be incorporated into its current electric mobility ecosystem, which consists of driver education, charging infrastructure, and EV deployment.
Rajat Gupta, Business Head, Commercial Mobility at TVS Motor Company, stated, “Our partnership with Kadam Mobility strengthens our shared commitment to India’s electric transition and inclusive urban mobility.”
“The TVS King EV MAX is ideally suited to support Kadam Mobility’s mission of enabling clean last-mile and passenger mobility for everyone in need because it was engineered with a strong focus on performance, range, and comfort.” Together, we want to make a significant effect while promoting the creation of jobs and respectable living standards in the mobility industry,” Gupta continued.
“Our mission at Kadam Mobility is to transform last-mile and passenger mobility through electric-first, partner-centric solutions,” continued Anubhav Swara, the company’s founder and CEO. Our collaboration with TVS Motor Company provides us with access to top-tier automobiles and superior engineering. This partnership is a significant step towards our objective of empowering thousands of drivers with future-ready livelihoods and scaling clean transportation infrastructure. As part of this aim, we are thrilled to roll out 500 electric vehicles in FY 2025–2026.
Beyond its current delivery fleet operations, the move also marks Kadam Mobility’s entry into shared and passenger mobility.
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