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TVS Motors partners with Swiggy for commercial EV segment
- Swiggy has announced partnership with TVS Motors to use the EVs in its delivery fleet
- The aim is to make deliveries spanning 800,000 kilometers per day through EVs by 2025
- Swiggy has over 2 lakh delivery partners working with the platform
India’s leading on-demand delivery partner Swiggy has announced a strategic partnership with TVS Motor Company to test the use of electric two-wheelers in its delivery fleet. The two companies have signed a memorandum of understanding (MoU) for the project.
As a part of the MoU, the Bengaluru-base delivery giant will test TVS electric two-wheelers for its food delivery as well as other on-demand services like InstaMart and Genie. Currently, Swiggy has over 2 lakh delivery partners working with the platform.
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The two companies are working on creating sustainable and comprehensive solutions for Swiggy’s delivery partners. This will include providing customized packages like a need-specific products, easy financing options and connected services. The aim is to make deliveries spanning 800,000 kilometers per day through electric vehicles by 2025, said Mihir Rajesh Shah, vice-president of operations at Swiggy.
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“Electric vehicles provide a sustainable solution in green mobility and also empower delivery partners to earn more. This pilot with TVS will help us better understand the needs of the delivery fleet and the required steps to make operations more green and sustainable,” added Shah.
The partnership will air TVS Motor Company’s commitment to strengthen electrification across diverse mobility segments and expand the presence of its TVS iQube Electric in major cities by March 2022. The company’s electric two-wheeler is available in 33 cities, including Bengaluru, Delhi, Chennai, Coimbatore, Kochi and Pune.
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Manu Saxena, senior vice-president of Future Mobility at TVS Motor Company, said the collaboration with Swiggy was an important move towards strengthening the electrification of mobility in food delivery and last-mile delivery services, furthering the easy adoption of EVs amongst customers.
Other companies like Amazon, Flipkart and Zomato have committed to adopting electric vehicles for 100% of their delivery fleet by 2030.
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TVS Motor Company manufactures two and three-wheelers and is the flagship company of the $8.5 billion TVS Group. The company’s consolidated net profit jumped 29.2% to Rs 234.37 crore on a 23.4% rise in net sales to Rs 6,483.42 crore in Q2 FY22 over Q2 FY21.
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