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TVS Motor Company has signed a Memorandum of Understanding (MoU) with Manba Finance to offer retail finance solutions for its commercial mobility portfolio. This strategic partnership aims to enhance vehicle affordability and improve access to structured financing for customers across India.
Under the agreement, 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.
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. By simplifying access to finance, the partnership seeks to support last-mile entrepreneurs and fleet operators in scaling their businesses.
For customers, the tie-up enables higher purchasing power through attractive down payment options and reduced monthly outflows, supported by bundled financing offers that deliver greater savings and financial flexibility.
Manba Finance Ltd rose 7.98% today to trade at Rs 146.9. The BSE Financial Services index is up 0.23% to quote at 13086.27. The index is up 0.54 % over last one month. Among the other constituents of the index, Anand Rathi Wealth Ltd increased 2.77% and Systematix Corporate Services Ltd added 2.35% on the day. The BSE Financial Services index went up 13.33 % over last one year compared to the 6.12% surge in benchmark SENSEX.
Manba Finance Ltd has added 7.27% over last one month compared to 0.54% gain in BSE Financial Services index and 0.95% rise in the SENSEX. On the BSE, 5 shares were traded in the counter so far compared with average daily volumes of 25964 shares in the past one month. The stock hit a record high of Rs 201.5 on 06 Dec 2024. The stock hit a 52-week low of Rs 115.15 on 10 Nov 2025.