myTVS forays into EV mobility service
ECONOMY & POLICY

myTVS forays into EV mobility service

Digital automotive aftermarket platform myTVS announced plans to add 10,000 electric two-wheelers to its fleet by March next year as part of its new 'Mobility-as-a-Service' (MaaS) venture, aimed at supporting last-mile electric vehicle operators. The company, which is part of the TVS Mobility Group, has partnered with MoEVing, an EV-based logistics firm, to offer end-to-end vehicle management solutions through the MaaS platform.

TVS Vehicle Mobility, a group firm, will reportedly invest up to Rs 1.5 billion in the acquisition of these electric two-wheelers. myTVS Managing Director, G. Srinivasa Raghavan, shared that there is an opportunity in electrifying 10 lakh vehicles within the next 5 to 10 years in the e-commerce sector, but the immediate goal is to deploy at least 10,000 vehicles by March. He confirmed that all 10,000 vehicles would be electric two-wheelers and mentioned that the first rollout had already started with 250 electric two-wheelers and around 50 light commercial vehicles (LCVs).

Raghavan expressed confidence in the new venture, stating that the company is well-positioned to capitalise on the significant opportunity in the electrification of e-commerce vehicles over the coming years. He added that their MaaS platform had been designed to cater to both personal mobility and fleet customers, focusing on efficiency and sustainability.

Vikas Mishra, CEO of MoEVing, noted that the launch of the MaaS platform addresses a critical market need, offering a comprehensive solution. He highlighted that by leveraging myTVS' extensive network and technology, the collaboration would enable improved customer service while expanding their national presence.

Digital automotive aftermarket platform myTVS announced plans to add 10,000 electric two-wheelers to its fleet by March next year as part of its new 'Mobility-as-a-Service' (MaaS) venture, aimed at supporting last-mile electric vehicle operators. The company, which is part of the TVS Mobility Group, has partnered with MoEVing, an EV-based logistics firm, to offer end-to-end vehicle management solutions through the MaaS platform. TVS Vehicle Mobility, a group firm, will reportedly invest up to Rs 1.5 billion in the acquisition of these electric two-wheelers. myTVS Managing Director, G. Srinivasa Raghavan, shared that there is an opportunity in electrifying 10 lakh vehicles within the next 5 to 10 years in the e-commerce sector, but the immediate goal is to deploy at least 10,000 vehicles by March. He confirmed that all 10,000 vehicles would be electric two-wheelers and mentioned that the first rollout had already started with 250 electric two-wheelers and around 50 light commercial vehicles (LCVs). Raghavan expressed confidence in the new venture, stating that the company is well-positioned to capitalise on the significant opportunity in the electrification of e-commerce vehicles over the coming years. He added that their MaaS platform had been designed to cater to both personal mobility and fleet customers, focusing on efficiency and sustainability. Vikas Mishra, CEO of MoEVing, noted that the launch of the MaaS platform addresses a critical market need, offering a comprehensive solution. He highlighted that by leveraging myTVS' extensive network and technology, the collaboration would enable improved customer service while expanding their national presence.

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?