myTVS, part of TVS Mobility Group, has launched its ‘Mobility as a Service’ (MaaS) platform, which aims to provide end-to-end vehicle management solutions for electric vehicle (EV) fleets across India.
The platform is designed specifically for last-mile EV fleet operators and marks a significant step in supporting businesses shifting towards sustainable mobility solutions.
With a wide range of services, the MaaS platform will become a crucial tool for fleet operators looking to streamline their operations and optimize fleet efficiency.
Comprehensive solutions for fleet management
The MaaS platform offers a wide range of services covering all aspects of EV fleet management. It includes vehicle leasing, real-time fleet monitoring, spare parts management through a digital catalogue of 180,000 stock keeping units, charging solutions, telematics, roadside assistance, insurance and tyre management.
In addition, myTVS offers reconditioning services to extend the operational lifespan of EV fleets, adding considerable value to businesses using the platform.
By integrating these services, myTVS aims to meet the growing needs of fleet operators who are rapidly transitioning to electric vehicles to align with their sustainability goals.
G Srinivasa Raghavan, CEO, myTVS, said, “The ‘MaaS’ platform is designed to meet the evolving needs of fleet operators and ensure sustainability in the growing fast-trade segment. With over 1,000 service points across the country, we are able to provide seamless service across India.”
Partnering with MoEVing for fast trading
To strengthen its MaaS platform, myTVS has partnered with electric vehicle-based logistics company MoEVing to offer customized solutions, especially for fast-paced trade operators who rely heavily on efficient and sustainable delivery options.
“Our partnership with myTVS addresses a critical market need. The MaaS platform offers a complete solution that aligns with our mission to accelerate EV adoption in India,” said Vikash Mishra, CEO, MoEVing.
Expansion of operations and electrification of fleets
myTVS plans to expand its electric fleet, aiming to add 10,000 electric two-wheelers by March 2024. The company has already launched an initial batch of 250 electric two-wheelers and 50 light commercial vehicles.
The development is part of a broader effort to meet growing demand for electrification in the e-commerce sector, with an estimated need to electrify one million vehicles in the next five to ten years.
According to Raghavan, “The opportunity is that in the next 5-10 years, 10 lakh vehicles will be electrified in the e-commerce sector. We see an immediate need to have at least 10,000 vehicles electrified by March.”
The company plans to invest Rs 100-150 crore in this venture.
Expanding the service network for future growth
With over a million customers across India, myTVS is looking to expand its service network. The company plans to add 2,500 new service outlets over the next two years, positioning itself to capture 10-12% market share in the growing EV ecosystem.
myTVS’ MaaS platform is flexible and adaptable, making it suitable for partnerships with OEMs, insurers, financial service providers and leasing companies.
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