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.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code