TVS Motor Company Signs MoU With Swiggy

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TVS Motor Company signed an MoU with Swiggy to accelerate electrification in the commercial mobility industry. The collaboration builds on the firms’ shared goal of growing the use of electric vehicles in food delivery and on-demand delivery services. TVS Motor’s electrification capabilities and dedication in the electric commercial mobility category are highlighted in the MoU.

Today, TVS Motor Company, a well-known two- and three-wheeler manufacturer in India, announced a strategic relationship with Swiggy, India’s premier on-demand delivery platform. This relationship exemplifies TVS Motor Company’s commitment to strengthening electrification across various mobility segments, and it fits with Swiggy’s numerous efforts to enable the adoption of electric vehicles in its delivery fleet. As part of the agreement, TVS Motor and Swiggy will evaluate the use of TVS Motor’s electric vehicle for food delivery and other Swiggy on-demand services.

The two firms are collaborating to develop long-term, comprehensive solutions for Swiggy’s delivery partners. Working on tailored packages, such as a need-specific product, flexible financing choices, and related services will be part of this. The pilot will be especially important for the adoption of electric vehicles in food delivery and on-demand delivery services.

“TVS Motor Company has been at the forefront of delivering green and connected vehicles to our 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. 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,”

said, Mr. Manu Saxena, Senior Vice President – Future Mobility, TVS Motor Company.

“Swiggy has been pioneering the need for greater EV adoption, with a commitment to make deliveries spanning 8,00,000 kilometers 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 greener and sustainable.”

said Mihir Rajesh Shah, Vice President Operations, Swiggy.

The agreement with Swiggy is in keeping with the company’s objective to increase TVS iQube Electric’s presence across all major cities by the end of the financial year. Delhi, Bangalore, Chennai, Pune, Kochi, and Coimbatore are among the 33 cities where the electric scooter is currently accessible.

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