NSEPress Release8 Jul 2026 · 8 Jul 2026, 04:30 pm
Press Release
TVS Motor Company Limited · TVSMOTOR
✦ AI Summary▲ PositiveExpansion
TVS Motor Company has partnered with Indian Oil Corporation to accelerate sustainable last-mile LPG distribution across India, using TVS King Kargo HD vehicles.
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Governance Concern1/10
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Full Announcement
TVS Motor Company Limited has informed the Exchange regarding a press release dated July 08, 2026, titled "TVS MOTOR COMPANY AND INDIAN OIL CORPORATION LIMITED JOIN HANDS TO ACCELERATE SUSTAINABLE LAST-MILE LPG DISTRIBUTION ACROSS INDIA".
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8th July 2026
BSE Limited, National Stock Exchange of India Ltd
Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor,
Dalal Street, Bandra-Kurla Complex,
Mumbai 400 001. Bandra (E), Mumbai 400 051.
Equity Scrip code: 532343 Equity Scrip code: TVSMOTOR
NCRPS Scrip code: 717506 NCRPS Scrip code: TVSMNCRPS
Dear Sir / Madam,
Reg : Press Release - “TVS MOTOR COMPANY AND INDIAN OIL
CORPORATION LIMITED JOIN HANDS TO ACCELERATE
SUSTAINABLE LAST-MILE LPG DISTRIBUTION ACROSS INDIA”
We enclose a Press Release regarding “TVS MOTOR COMPANY AND INDIAN OIL
CORPORATION LIMITED JOIN HANDS TO ACCELERATE SUSTAINABLE LAST-
MILE LPG DISTRIBUTION ACROSS INDIA”, for dissemination.
Date and time of occurrence of event: July 8, 2026 at 4.13 P.M. (IST)
Thanking you,
Yours truly,
For TVS MOTOR COMPANY LIMITED
K S Srinivasan
Company Secretary
Encl.: a/a
Website: www.tvsmotor.com Email: contactus@tvsmotor.com CIN: L35921TN1992PLC022845
PRESS
RELEASE
For more information, please visit: www.tvsmotor.com
TVS MOTOR COMPANY AND INDIAN OIL CORPORATION LIMITED
JOIN HANDS TO ACCELERATE SUSTAINABLE LAST-MILE LPG
DISTRIBUTION ACROSS INDIA
Strategic partnership to advance cleaner and more efficient commercial mobility through the
deployment of TVS King Kargo HD vehicles
Coimbatore, July 8, 2026: TVS Motor Company, part of TVS Venu, is a leading global
manufacturer of two and three-wheelers, today announced a strategic partnership with Indian
Oil Corporation Limited (IndianOil), India's largest integrated energy company, to strengthen
last-mile LPG cylinder distribution through sustainable commercial mobility solutions.
As part of the initiative, TVS Motor Company will work with IndianOil network of over 13,000
LPG distributors across the country, enabling the adoption of the TVS King Kargo HD vehicles
for doorstep cylinder deliveries. This marks an important step towards enabling cleaner, more
efficient, and cost-effective LPG cylinder distribution while supporting India's transition to
green mobility.
Bringing together two trusted and respected organisations in their respective industries, the
partnership combines TVS Motor's expertise in commercial mobility with IndianOil 's extensive
distributor network to advance efficient and sustainable LPG cylinder distribution across India.
The deployment of the TVS King Kargo HD range for LPG cylinder distribution is expected to
reduce carbon emissions while offering IndianOil distributors a lower total cost of ownership.
The initiative is designed to improve operational efficiency and profitability, while reinforcing
both organisations' commitment to sustainability and the Government of India's clean mobility
vision.
Commenting on the partnership, Rajat Gupta, Business Head, Commercial Mobility, TVS
Motor Company, said, "At TVS Motor Company, we are focused on building mobility solutions
that make everyday business more efficient and sustainable. Our partnership with IndianOil
Corporation Limited brings together the strength of two trusted organisations to transform last-
mile LPG cylinder distribution across the country. Through the TVS King Kargo range, we are
enabling distributors with reliable, high-performance vehicles that help reduce operating costs,
improve productivity, and support cleaner operations. This collaboration is another step
towards making sustainable mobility practical, accessible, and impactful for businesses across
India.”
Speaking on the collaboration, Mr. V. C. Asokan, ED, SR & SH-TNSO, Indian Oil
Corporation Limited, said, "Indian Oil has consistently been at the forefront of delivering
energy solutions that power the nation's growth while embracing sustainability. This initiative
represents an important step towards modernizing our LPG distribution ecosystem through
sustainable mobility solutions. The induction of electric cargo vehicles will help improve fleet
productivity, lower operating costs for our distributors, and contribute towards reducing carbon
emissions. We believe this engagement will demonstrate how strategic industry partnerships
can accelerate India's transition towards greener and more sustainable logistics."
PRESS
RELEASE
The Memorandum of Understanding (MoU) was signed by senior leadership from both
organisations in Coimbatore, marking the beginning of a long-term partnership to advance
sustainable commercial mobility. The collaboration will commence with the first phase of
vehicle deliveries to Indian Oil distributors, supporting greener, more efficient last-mile LPG
distribution across India.
The TVS King Kargo HD platforms combine superior power with advanced technology, offering
several segment-first and best-in-class features. Designed for commercial applications, the
platforms provide reliable and efficient solutions for last-mile cargo transportation.
About TVS Motor Company
TVS Motor Company (BSE:532343 and NSE: TVSMOTOR), part of TVS VENU, is a reputed
two and three-wheeler manufacturer globally, championing progress through sustainable
mobility with four state-of-the-art manufacturing facilities located in India and Indonesia.
Rooted in our 100-year legacy of trust, value, and passion for customers, it takes pride in
making internationally accepted products of the highest quality through innovative and
sustainable processes. TVS Motor is the only two-wheeler company to have won the
prestigious Deming Prize. Our products lead in their respective categories in the J.D. Power
IQS and APEAL surveys. We have been ranked No. 1 Company in the J.D. Power Customer
Service Satisfaction Survey for four consecutive years. Our group company Norton
Motorcycles, based in the United Kingdom, is one of the most emotive motorcycle brands in
the world. TVS Motor Company endeavours to deliver the most superior customer experience
across 90 countries in which we operate.
For further details, please contact:
Sridipta Bhattacharjee: Sridipta.Bhattacharjee@tvsmotor.com
Rajat Gupta, Business Head - Commercial Mobility, TVS Motor Company along with Md.
Mazher Alam, Chief General Manager - LPG Strategies, IOCL at the MoU signing ceremony