TVS Mobility’s groundbreaking partnership with Mitsubishi Corporation aims to revolutionize India’s vehicle mobility, introducing TVS VMS.
TVS Vehicle Mobility Solution (TVS VMS)
The collaboration is set to pave the way for TVS Vehicle Mobility Solution (TVS VMS), marking a significant shift in the Indian automotive scenario.
This new venture will also introduce a complete portfolio of services across Passenger Cars, Commercial Vehicles, and Material Handling Equipment (MHE).
The transformation is anticipated to make a major shift in the industry, with a projected revenue target of $2 billion within the next 3-5 years.
Mitsubishi’s Strategic Investment
Mitsubishi Corporation (MC) is committed to this venture with an initial investment of Rs 300 crores, demonstrating a shared vision for the future of vehicle mobility in India.
Beyond the financial commitment, MC brings to the table its extensive global experience and best practices, accelerating the scale-up of this innovative business model.
TVS Mobility’s Vision
Mr. R. Dinesh, Director of TVS Mobility, expressed excitement about the collaboration, emphasizing how it enables TVS to provide a spectrum of solutions throughout the vehicle mobility ecosystem.
The partnership will not only cater to individual customers but also extend its reach to enterprises, corporates, and fleet owners, fostering a holistic approach to mobility solutions.
Solutions for Diverse Stakeholders
TVS VMS is poised to deliver innovative and digitally-enabled solutions, bridging the gap between vehicle sales, operational management, and the emerging trend of ‘Vehicle-as-a-Service’ (Micromobility) solutions.
The collaboration aims to work closely with all stakeholders, providing a unified solution that meets the diverse needs of the evolving automotive industry in India.
MC’s Strategic Approach
Mr. Shigeru Wakabayashi, CEO of Automotive and Mobility Group at Mitsubishi Corporation, highlighted India’s position as the world’s third-largest market for new automobiles.
He emphasized MC’s commitment to gaining a foothold in this rapidly growing market through strategic partnerships like TVS Mobility.
The investment in TVS VMS expands MC’s coverage, not only in after-sales services and multi-brand sales but also in vehicle-as-a-service models and various automotive operations.