TVS Motor shares rise on partnership with Manba Finance for three-wheeler financing

TVS Motor share price: Shares of automotive maker TVS Motor Company rose on Tuesday, December 30, after the company announced that it has signed a Memorandum of Understanding (MoU) with Manba Finance to offer retail finance solutions for its commercial mobility portfolio.

The stock settled 1.81% higher at ₹3,639 apiece on the National Stock Exchange.

As part of the deal, Manba Finance will provide monthly EMI-based financing solutions for the entire range of TVS Commercial Mobility vehicles, covering both passenger and cargo three-wheelers, across internal combustion engine (ICE) and electric vehicle (EV) models, it added.

"This partnership with Manba Finance Ltd strengthens our ability to offer accessible and competitive financing solutions across our ICE and EV three-wheeler portfolio," TVS Motor Co Business Head, Commercial Mobility, Rajat Gupta said.

By improving affordability, reducing turnaround time, and expanding reach into rural markets, he said, "We aim to support entrepreneurs and fleet operators in enhancing their earning potential and business scalability."

The collaboration is designed to strengthen TVS Commercial Mobility's ecosystem by offering competitive funding schemes, reduced turnaround time (TAT) for loan processing, and deeper penetration into rural and semi-urban markets, the company said.

"By leveraging TVS Motor's deep industry expertise, strong distribution network, and trusted brand, we believe Manba Finance is well positioned to build meaningful scale in the three-wheeler financing segment. We see this collaboration as a key growth driver and expect it to contribute significantly to our expansion and portfolio growth in FY26 and beyond," Manba Finance Managing Director Manish Shah said.

The partnership seeks to support last-mile entrepreneurs and fleet operators in scaling their businesses by simplifying access to finance, the company said.

TVS Motor financials

TVS Motor Company had reported a 41.92% increase in its consolidated profit after tax to ₹795.48 crore in the September quarter of FY26 compared to ₹560.49 crore in the year-ago period.

Revenue from operations advanced 25.48% to ₹14,051.22 crore in Q2 FY26 as against ₹11,197.19 crore in the same period of the previous fiscal year.