TVS Motor and Indian Oil Partner to Boost Sustainable Last-Mile LPG Distribution Across India
Coimbatore, July 8, 2026: TVS Motor Company and Indian Oil Corporation Limited (IndianOil), India's largest integrated energy company, have formed a strategic partnership aimed at accelerating sustainable last-mile LPG cylinder distribution across the country. This collaboration brings together the commercial mobility expertise of TVS Motor with the extensive distributor network managed by IndianOil.As part of this initiative, TVS Motor Company will deploy the TVS King Kargo HD vehicles to service IndianOil's network of over 13,000 LPG distributors nationwide. The partnership is designed to transition towards cleaner and more efficient LPG cylinder delivery methods, supporting India’s shift toward green mobility solutions.
The deployment of the TVS King Kargo HD range for distributing LPG cylinders is expected to reduce carbon emissions while simultaneously offering IndianOil distributors a lower total cost of ownership. This initiative aims not only to improve operational efficiency and profitability but also reinforces both organizations' commitment to sustainability and the clean mobility vision set by the Government of India.
Commenting on the partnership, Rajat Gupta, Business Head, Commercial Mobility at TVS Motor Company, stated that their collaboration with IndianOil transforms last-mile LPG cylinder distribution. He highlighted that the TVS King Kargo range offers reliable, high-performance vehicles that help distributors reduce operating costs and improve productivity, making sustainable mobility practical for businesses across India.
Mr. V. C. Asokan, ED, SR & SH-TNSO at Indian Oil Corporation Limited, emphasized that this initiative represents a crucial step toward modernizing the LPG distribution ecosystem through sustainable solutions. He added that the induction of electric cargo vehicles will lower operating costs for distributors and contribute to reducing carbon emissions, demonstrating how industry partnerships can accelerate India's move towards greener logistics.
The Memorandum of Understanding (MoU) detailing the partnership was signed by senior leadership from both companies in Coimbatore. The collaboration is set to commence with the first phase of vehicle deliveries to Indian Oil distributors, ensuring a continuous advancement toward efficient and sustainable last-mile LPG distribution across India.
TVSMOTOR Stock Price Movement
Today, shares of TVS Motor Company Limited shed 1.80%, closing the trading session at ₹3639.7 after slipping by ₹66.70. The stock saw approximately 1.18 million shares change hands as it settled near its lower band amidst intraday movement.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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