Mumbai, Dec. 30 -- TVS Motor Company has signed a Memorandum of Understanding (MoU) with Manba Finance to provide retail financing for its commercial mobility range. The agreement aims to improve vehicle affordability for customers across India.

As part of the understanding, Manba Finance will offer monthly instalment plans for the full range of TVS commercial vehicles, including passenger and cargo three-wheelers. The partnership covers both internal combustion engine (ICE) and electric vehicle (EV) models.

The collaboration is intended to expand TVS's presence in rural and semi-urban markets by reducing turnaround times for credit approvals. Provide low down payment options and reduced monthly outflows. Assisting last-mile entrepreneu...