TVS Motor and Manba Finance Partner on Commercial Vehicle Financing

TVS Motor Company has entered into a strategic partnership with Manba Finance Limited to provide retail financing solutions for its commercial mobility customers across India. The collaboration, formalized through a Memorandum of Understanding (MoU), focuses on making three-wheeler purchases more accessible for entrepreneurs and fleet operators.

The agreement enables Manba Finance Limited to offer monthly EMI-based financing for TVS's complete range of commercial mobility vehicles, including both passenger and cargo three-wheelers powered by internal combustion engines and electric drivetrains.

The partnership addresses key market needs by offering competitive funding schemes, faster loan processing times, and improved reach in rural and semi-urban areas. These measures are designed to support last-mile entrepreneurs and fleet operators seeking to expand their operations.

Customers will benefit from flexible down payment options and reduced monthly payments, with bundled financing offers providing enhanced savings and financial flexibility to increase purchasing power.

Rajat Gupta, Business Head for Commercial Mobility at TVS Motor Company, emphasized the company's commitment to building a comprehensive ecosystem. He stated that the partnership strengthens TVS's ability to deliver accessible financing across its three-wheeler portfolio while supporting entrepreneurs in enhancing their earning potential and business growth.

Manish Shah, Managing Director of Manba Finance Limited, highlighted the alignment between the partnership and the company's commitment to sustainable mobility. He noted that TVS Motor's industry expertise, distribution network, and brand reputation position Manba Finance to scale significantly in the three-wheeler financing segment, with expected contributions to growth beginning in FY26.

The collaboration represents TVS Motor Company's broader strategy to create value beyond manufacturing by improving accessibility and affordability for commercial mobility customers.

TVS Motor Company operates as a global two and three-wheeler manufacturer with four manufacturing facilities in India and Indonesia. The company has received recognition including the Deming Prize and has consistently performed well in J.D. Power quality and customer satisfaction surveys.

Manba Finance Limited, established in 1996, operates as a non-banking financial company offering vehicle loans, small business loans, and personal loans with a technology-driven approach to lending across India.