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TVS Motor and Manba Finance Partner to Boost Electric Three-Wheeler Adoption in India

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  //business-finance.news-articles.net/content/202 .. st-electric-three-wheeler-adoption-in-india.html
  Published in Business and Finance on Tuesday, December 30th 2025 at 6:57 GMT by moneycontrol.com

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TVS Motor & Manba Finance Join Forces to Fuel Three-Wheeler Growth in India Through Accessible Financing

TVS Motor Company, a leading Indian two and three-wheeler manufacturer, has announced a strategic partnership with Manba Finance, a Non-Banking Financial Company (NBFC) specializing in vehicle financing, to bolster the adoption of its electric three-wheelers across India. This collaboration aims to address a critical barrier to entry for potential buyers – access to affordable financing – and is expected to significantly contribute to the burgeoning electric mobility sector in the country.

The Core of the Partnership: Addressing Financing Gaps

The crux of the partnership revolves around providing tailored financial solutions specifically designed for individuals and businesses looking to purchase TVS Motor’s three-wheelers, particularly its popular i3N electric cargo model. Manba Finance will offer a range of financing options, including competitive interest rates, flexible repayment schedules, and simplified application processes. This is crucial because the upfront cost of electric vehicles, even with government subsidies, remains a significant deterrent for many potential buyers, especially in rural areas and among smaller businesses who rely heavily on three-wheelers for their livelihood.

According to the Moneycontrol article, this isn't just about offering loans; it’s about creating a holistic financing ecosystem that caters to the specific needs of three-wheeler operators. Manba Finance has been focusing on this niche market – financing commercial vehicles for last-mile connectivity and logistics – since its inception in 2023. They have experience working with drivers, small business owners, and fleet operators who often face challenges securing traditional bank loans due to factors like limited credit history or lack of collateral.

TVS Motor's Strategic Push into Electric Three-Wheelers

The partnership aligns perfectly with TVS Motor’s aggressive strategy to expand its presence in the electric vehicle (EV) market, particularly within the three-wheeler segment. The company has been steadily investing in EV technology and infrastructure, launching models like the i3N, which is positioned as a versatile cargo carrier for both urban and rural environments. The i3N boasts features such as a long range (up to 195 km on a single charge), robust performance, and low operating costs – all designed to appeal to commercial users.

TVS Motor's commitment extends beyond product development; they are actively working to build an entire EV ecosystem including charging infrastructure and now, crucially, accessible financing options. This partnership with Manba Finance is a key component of that strategy, recognizing that the success of EVs hinges not only on attractive vehicle design but also on making them financially viable for consumers.

Manba Finance: A Rising Player in Vehicle Financing

Manba Finance's role in this collaboration highlights its growing importance within the Indian financial landscape. Founded relatively recently, Manba has quickly established itself as a specialist in financing commercial vehicles, particularly focusing on electric vehicles and those serving last-mile delivery needs. Their focus is on leveraging technology to streamline loan application processes and improve accessibility for underserved segments of the population. They are backed by prominent investors like British International Investment (BII) and others, signaling confidence in their business model and growth potential.

The article emphasizes that Manba’s expertise lies not just in providing capital but also in understanding the unique challenges faced by three-wheeler operators. This allows them to structure financing solutions that are tailored to their specific needs and repayment capabilities. They employ a data-driven approach, leveraging technology to assess risk and ensure responsible lending practices.

Impact & Future Outlook

The partnership is expected to have several positive impacts:

• Increased Adoption of Electric Three-Wheelers: By removing the financial barrier, more individuals and businesses will be able to switch to electric vehicles, contributing to a reduction in emissions and improved air quality.
• Support for Livelihoods: Affordable financing will enable three-wheeler operators to upgrade their vehicles, potentially increasing their earning potential and improving working conditions.
• Growth of the EV Ecosystem: The collaboration strengthens the entire electric vehicle ecosystem by fostering demand and encouraging further investment in related infrastructure and services.
• Expansion for Both Companies: TVS Motor gains a valuable partner to drive sales of its three-wheelers, while Manba Finance expands its reach within the commercial vehicle financing market.

Looking ahead, this partnership signals a broader trend towards collaborative efforts between manufacturers and specialized financiers to accelerate EV adoption in India. The success of this initiative could serve as a model for other companies looking to overcome financial barriers and unlock the full potential of electric mobility. The focus on data-driven lending practices and tailored financing solutions is likely to become increasingly important as the Indian EV market matures and becomes more competitive.

To learn more, you can refer to these resources:

• [ TVS Motor Company Website ]
• [ Manba Finance Website ] - Note: As of writing, the website is under construction.
• [ British International Investment (BII) ]