Tata Motors, Drivn Partner to Accelerate EV Fleet Adoption with Custom Leasing Solutions

The partnership will offer customised leasing solutions to speed up EV adoption across commercial fleets

Drivn, an EV leasing platform focused on heavy commercial fleets has signed a Memorandum of Understanding (MoU) with Tata Motors, India’s largest commercial vehicle manufacturer, to explore leasing-based deployment of electric commercial vehicles in India for fleet operators. Under this partnership, Drivn will offer customised leasing solutions for Tata Motors’ electric commercial vehicle portfolio, enabling fleet operators to transition to electric vehicles through simpler and customised financing solutions.

Drivn offers bespoke operating lease solutions tailored to commercial fleet operators. By bridging long-standing gaps across financing, deployment and charging infrastructure, it is helping make the shift to electric simpler and more practical, accelerating fleet electrification across India.

Tata Motors is leading the commercial mobility transition with the widest electric CV portfolio and an ecosystem that makes electrification both practical and profitable. The company works closely with fleet owners to optimise performance, uptime, charging and financing across the lifecycle. As adoption deepens, Tata Motors remains focused on delivering end-to-end solutions that help customers transition confidently to zero-emission mobility.

Speaking on the occasion, Mr. Rajesh Kaul, Vice President & Business Head – Trucks, Tata Motors Ltd., said, “Tata Motors is committed to democratising clean mobility and accelerating India’s transition towards sustainable transportation. Together with Drivn, we aim to make electric trucks more accessible to our customers. Our electric trucks portfolio has been engineered to deliver performance, reliability and operating economics that meet the evolving needs of our customers, while helping them confidently transition to zero-emission technologies.”

Manav Bansal, CEO and Co-founder of Drivn, said, “Making electric fleets commercially viable is key to driving adoption at scale. While there is growing interest from operators, the shift ultimately depends on how practical and accessible these solutions are. Partnering with Tata Motors allows us to combine a strong vehicle portfolio with our leasing model, addressing key barriers such as upfront costs and deployment timelines. Through this partnership, we intend to deploy over 1,000 electric trucks over the next two years, offering fleet operators a clearer and more scalable path to electrification while contributing to the broader growth of the EV ecosystem in India.”

Alpna Jain, Co-founder and Chief Business Officer at Drivn, said, “Electric fleet adoption scales when the right ecosystem comes together for support. With Tata Motors’ strong market presence, fleet operators gain trust and access as we are getting the elements of maintenance of vehicles, uptime as a joint commitment from OEM and combining technology to monitor efficiencies.”

Tata Motors continues to lead the nation’s electric commercial vehicle transition with a robust portfolio. The company newly-introduced a comprehensive portfolio of electric trucks ranging from 7 to 55 tonnes, built on the new I‑MOEV (Intelligent Modular Electric Vehicle) Architecture under the Tata Trucks.ev brand. Engineered for sustainable, efficient and high‑performance operations, these trucks address a wide spectrum of applications including e‑commerce logistics, construction material movement and port operations. Backed by the rapidly growing EV charging infrastructure and a nationwide service network, Tata Motors remains steadfast in its commitment to advancing sustainable mobility and strengthening India’s green transportation ecosystem.

About Drivn:

Drivn is building India’s operational and financial backbone for commercial electric mobility. The company acquires, owns, and leases electric buses and trucks, supported by an integrated tech stack model that includes planning charging infrastructure, battery lifecycle management, fleet operations, and end-of-life solutions. Its OEM-agnostic approach is purpose-built for intercity transport operators, logistics providers, and asset-intensive industries transitioning to electric fleets at scale.

Backed by global institutional investors, Drivn combines institutional capital with deep tech capability. Its proprietary platform and on-ground operating data better asset utilisation, efficiency, and performance that large fleets demand, supporting customers across sectors such as intercity bus transportation, logistics, ecommerce, cement, and steel.

About Tata Motors Ltd (Formerly TML Commercial Vehicles Ltd):

Part of the USD 180 billion Tata Group, Tata Motors Ltd., (BSE: Scrip code 544569; NSE: Scrip code TMCV) is India’s largest and a globally renowned manufacturer of utility vehicles, pick-ups, trucks, and buses. With over eight decades of leadership in commercial mobility, the company is known for its innovation, reliability, and performance. Its advanced powertrains, connected technologies, and intelligent fleet solutions support a wide range of applications—from last-mile delivery to public transport while seamlessly driving the wheels of the nation’s economy. Guided by its brand promise Better Always, Tata Motors delivers future-ready solutions that enhance customer experience and drive sustainable growth. The company operates in India and South Korea, with a global presence across Africa, the Middle East, Latin America, Southeast Asia, and SAARC countries.

As per the Composite Scheme of Arrangement sanctioned by the Hon’ble National Company Law Tribunal, Mumbai Bench—amongst Tata Motors Limited, TML Commercial Vehicles Limited (the Company) and Tata Motors Passenger Vehicles Limited—the Company’s name was changed to Tata Motors Limited from TML Commercial Vehicles Limited (effective 29 October 2025), and its equity shares are listed on the BSE Ltd and the National Stock Exchange of India Limited.

TVS Motor and IndianOil join forces to drive sustainable last‑mile LPG cylinder distribution across India

• The first batch of 65 out of a total 260 Montra Electric Rhino 5538 EV trucks was flagged off from Montra Electric's Manesar manufacturing facility, marking the commencement of a phased deployment across key industrial applications and strategic freight corridors.
• The deployment will help establish one of India's longest electrified freight corridors, marking a significant milestone in the country's transition towards zero-emission heavy commercial transportation.

TVS Motor Company, part of TVS Venu, is a leading global manufacturer of two and three-wheelers, today announced a strategic partnership with Indian Oil Corporation Limited (IndianOil), India's largest integrated energy company, to strengthen last-mile LPG cylinder distribution through sustainable commercial mobility solutions.

As part of the initiative, TVS Motor Company will work with IndianOil network of over 13,000 LPG distributors across the country, enabling the adoption of the TVS King Kargo HD vehicles for doorstep cylinder deliveries. This marks an important step towards enabling cleaner, more efficient, and cost-effective LPG cylinder distribution while supporting India's transition to green mobility.

Bringing together two trusted and respected organisations in their respective industries, the partnership combines TVS Motor's expertise in commercial mobility with IndianOil 's extensive distributor network to advance efficient and sustainable LPG cylinder distribution across India. The deployment of the TVS King Kargo HD range for LPG cylinder distribution is expected to reduce carbon emissions while offering IndianOil distributors a lower total cost of ownership. The initiative is designed to improve operational efficiency and profitability, while reinforcing both organisations' commitment to sustainability and the Government of India's clean mobility vision.

Commenting on the partnership, Rajat Gupta, Business Head, Commercial Mobility, TVS Motor Company, said, "At TVS Motor Company, we are focused on building mobility solutions that make everyday business more efficient and sustainable. Our partnership with IndianOil Corporation Limited brings together the strength of two trusted organisations to transform last-mile LPG cylinder distribution across the country. Through the TVS King Kargo range, we are enabling distributors with reliable, high-performance vehicles that help reduce operating costs, improve productivity, and support cleaner operations. This collaboration is another step towards making sustainable mobility practical, accessible, and impactful for businesses across India.”

Speaking on the collaboration, Mr. V. C. Asokan, ED, SR & SH-TNSO, Indian Oil Corporation Limited, said, "Indian Oil has consistently been at the forefront of delivering energy solutions that power the nation's growth while embracing sustainability. This initiative represents an important step towards modernizing our LPG distribution ecosystem through sustainable mobility solutions. The induction of electric cargo vehicles will help improve fleet productivity, lower operating costs for our distributors, and contribute towards reducing carbon emissions. We believe this engagement will demonstrate how strategic industry partnerships can accelerate India's transition towards greener and more sustainable logistics."

The Memorandum of Understanding (MoU) was signed by senior leadership from both organisations in Coimbatore, marking the beginning of a long-term partnership to advance sustainable commercial mobility. The collaboration will commence with the first phase of vehicle deliveries to Indian Oil distributors, supporting greener, more efficient TVS Motor Company, part of TVS Venu, is a leading global manufacturer of two and three-wheelers, today announced a strategic partnership with Indian Oil Corporation Limited (IndianOil), India's largest integrated energy company, to strengthen last-mile LPG cylinder distribution through sustainable commercial mobility solutions.

As part of the initiative, TVS Motor Company will work with IndianOil network of over 13,000 LPG distributors across the country, enabling the adoption of the TVS King Kargo HD vehicles for doorstep cylinder deliveries. This marks an important step towards enabling cleaner, more efficient, and cost-effective LPG cylinder distribution while supporting India's transition to green mobility.









Bringing together two trusted and respected organisations in their respective industries, the partnership combines TVS Motor's expertise in commercial mobility with IndianOil 's extensive distributor network to advance efficient and sustainable LPG cylinder distribution across India. The deployment of the TVS King Kargo HD range for LPG cylinder distribution is expected to reduce carbon emissions while offering IndianOil distributors a lower total cost of ownership. The initiative is designed to improve operational efficiency and profitability, while reinforcing both organisations' commitment to sustainability and the Government of India's clean mobility vision.

Commenting on the partnership, Rajat Gupta, Business Head, Commercial Mobility, TVS Motor Company, said, "At TVS Motor Company, we are focused on building mobility solutions that make everyday business more efficient and sustainable. Our partnership with IndianOil Corporation Limited brings together the strength of two trusted organisations to transform last-mile LPG cylinder distribution across the country. Through the TVS King Kargo range, we are enabling distributors with reliable, high-performance vehicles that help reduce operating costs, improve productivity, and support cleaner operations. This collaboration is another step towards making sustainable mobility practical, accessible, and impactful for businesses across India.”

Speaking on the collaboration, Mr. V. C. Asokan, ED, SR & SH-TNSO, Indian Oil Corporation Limited, said, "Indian Oil has consistently been at the forefront of delivering energy solutions that power the nation's growth while embracing sustainability. This initiative represents an important step towards modernizing our LPG distribution ecosystem through sustainable mobility solutions. The induction of electric cargo vehicles will help improve fleet productivity, lower operating costs for our distributors, and contribute towards reducing carbon emissions. We believe this engagement will demonstrate how strategic industry partnerships can accelerate India's transition towards greener and more sustainable logistics."

The Memorandum of Understanding (MoU) was signed by senior leadership from both organisations in Coimbatore, marking the beginning of a long-term partnership to advance sustainable commercial mobility. The collaboration will commence with the first phase of vehicle deliveries to Indian Oil distributors, supporting greener, more efficient last-mile LPG distribution across India.

The TVS King Kargo HD platforms combine superior power with advanced technology, offering several segment-first and best-in-class features. Designed for commercial applications, the platforms provide reliable and efficient solutions for last-mile cargo transportation. LPG distribution across India.

The TVS King Kargo HD platforms combine superior power with advanced technology, offering several segment-first and best-in-class features. Designed for commercial applications, the platforms provide reliable and efficient solutions for last-mile cargo transportation.