TVS and Manba put commerce in the fast lane

MUMBAI: When wheels meet wallets, mobility moves faster. TVS Motor Company has signed a Memorandum of Understanding with Manba Finance limited to offer structured retail finance across its commercial mobility portfolio, sharpening the focus on affordability for customers across India.

Under the partnership, Manba Finance will provide monthly EMI-based financing for TVS’s full range of commercial three-wheelers covering both passenger and cargo models, across internal combustion engine (ICE) and electric vehicle (EV) variants. The move is designed to make ownership easier while improving turnaround times for loan approvals.

Beyond urban centres, the collaboration places a clear bet on deeper penetration into rural and semi-urban markets, where access to formal finance can be patchy. By simplifying credit and bundling competitive funding schemes, the tie-up aims to support last-mile entrepreneurs and fleet operators looking to scale their businesses.

For buyers, the promise is straightforward, higher purchasing power through attractive down payments, lower monthly outflows and quicker loan processing factors that can often decide whether a vehicle purchase moves from consideration to conversion.

Commenting on the development, TVS Motor Company business head of commercial mobility Rajat Gupta said the partnership strengthens the company’s broader goal of building a comprehensive commercial mobility ecosystem that goes beyond products to enable sustainable customer growth.

From the lender’s side Manba Finance limited, managing director Manish Shah said the collaboration aligns with the company’s focus on supporting cleaner and more sustainable mobility, while also helping it scale meaningfully in the three-wheeler financing segment.

As competition intensifies across both ICE and EV three-wheelers, the alliance underscores a simple truth of India’s mobility market: better finance can be just as powerful as better engineering in keeping business and livelihoods moving.