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    532343   INE494B01023

TVS MOTOR COMPANY LIMITED

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TVS Motor : accelerates electrification in the commercial mobility segment; signs MoU with Swiggy

01/13/2022 | 03:11am EDT

Hosur , 13 Jan 2022

TVS Motor Company accelerates electrification in the commercial mobility segment; signs MoU with Swiggy

TVS Motor Company accelerates electrification in the commercial mobility segment; signs MoU with Swiggy


● The partnership is an extension of the mutual commitment between the companies towards increasing the share of EVs in food delivery and on-demand delivery services

● The MoU highlights TVS Motor's electrification prowess and commitment in the electric commercial mobility segment



TVS Motor Company, a reputed manufacturer of two-wheelers and three-wheelers globally, announced a strategic partnership with Swiggy, India's leading on-demand delivery platform today. This partnership highlights TVS Motor Company's commitment to strengthen electrification across diverse mobility segments and aligns with Swiggy's many efforts to enable the adoption of EVs in its delivery fleet. As part of the MoU, TVS Motor and Swiggy will test the implementation of TVS Motor's EV for food delivery and other on-demand services of Swiggy.

The two companies are exploring the co-creation of sustainable and comprehensive solutions for Swiggy's delivery partners. This will include working on customised packages like a need-specific product, flexible financing options and, connected services. Notably, the pilot will play a vital role in the adoption of EVs 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 kilometres 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 more greener and sustainable." said Mihir Rajesh Shah, Vice President Operations, Swiggy.

The company's MoU with Swiggy is in line with its commitment to expanding the presence of TVS iQube Electric across all major cities by the end of the financial year. The electric scooter is presently available in 33 cities, including Delhi, Bangalore, Chennai, Pune, Kochi and Coimbatore.

About TVS Motor Company

We are a reputed two and three-wheeler manufacturer and the flagship company of the USD 8.5 billion TVS Group. We believe in Championing Progress through Mobility. Rooted in our 100-year legacy of Trust, Value, Passion for Customers and Exactness, we take pride in making internationally aspirational products of the highest quality through innovative and sustainable processes. We endeavour to deliver the most superior customer experience at all our touch points across 70 countries. We are the only two-wheeler company to have received the prestigious Deming Prize. Our products lead in their respective categories in the JD Power IQS and APEAL surveys for the past five years. We have been ranked No. 1 Company in the JD Power Customer Service Satisfaction Survey for consecutive four years. For more information, please visit www.tvsmotor.com.

***


For further information, please contact -
KS Harini - KS.Harini@tvsmotor.com
Nikita Verma - Nikita.Verma@tvsmotor.com

Disclaimer

TVS Motor Company Limited published this content on 13 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 January 2022 08:10:04 UTC.


© Publicnow 2022
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Sales 2022 209 B 2 692 M 2 692 M
Net income 2022 9 320 M 120 M 120 M
Net Debt 2022 12 334 M 159 M 159 M
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