TVS Motor, Indian Oil partner on electric LPG delivery fleet

TVS Motor Company and Indian Oil Corporation signed a deal to deploy electric three-wheelers for last-mile LPG cylinder distribution. The partnership will cover the state-run fuel retailer's network of more than 13,000 distributors across India, the companies said in a statement Wednesday.

TVS will supply its King Kargo HD range of cargo vehicles. The switch is expected to cut carbon emissions and lower the total cost of ownership for distributors, the release said. The initiative also aligns with the government's clean mobility push.

“This partnership brings together the strength of two trusted organisations to transform last mile LPG cylinder distribution,” said Rajat Gupta, business head of commercial mobility at TVS Motor.

VC Asokan, executive director at Indian Oil, said the induction of electric cargo vehicles will help improve fleet productivity and lower operating costs for distributors while reducing emissions.

The King Kargo HD is a three-wheeler designed for goods transport. TVS Motor, part of the TVS Venu group, manufactures two-wheelers and three-wheelers. Indian Oil operates the country's largest fuel retail network.

Financial terms of the deal were not disclosed. The partnership does not involve an exclusive arrangement, the companies said. TVS shares closed largely unchanged on the NSE Wednesday.