This association is in line with the company's commitment towards its green and sustainable mobility solutions. It further strengthens its electrification journey across diverse mobility segments and aligns with Zomato's efforts to enable the adoption of EVs through last-mile delivery partners.

This collaboration aims to reshape the future of urban transportation by combining TVS Motor's electric scooter technology with Zomato's extensive network of delivery partners.

As part of this strategic partnership, TVS Motor will deploy over 10,000 TVS electric scooters over a course of two years, powered by its electric powertrain and battery technology. These vehicles will contribute towards revolutionising last-mile delivery, enabling Zomato to further reduce carbon footprint. The company will also ensure that delivery partners onboarded on Zomato have access to charging stations within their radius and receive smooth digital integration to ensure ease of delivery.

Manu Saxena, Senior Vice President, Electric Vehicles, TVS Motor Company, said, “With the success of TVS iQube Electric, we are expanding our electric offerings across multiple segments and last-mile delivery services stands at the opportune inflection point towards faster adoption of EVs. TVS Motor is proud to partner in the mission for electrification of Zomato's delivery partners' vehicles. This strategic partnership adds another milestone in TVS Motor's journey to provide smart and reliable EV products and services with lowest total cost of ownership to our delivery partners."

Rinshul Chandra, Zomato's chief operations officer, added that, “We are now partnering with over 50 companies in the EV ecosystem with the intent of onboarding over 100,000 EV-based delivery partners on our platform within the next 2 years.”

Zomato connects customers, restaurant partners and delivery partners. Customers use Zomato to search and discover restaurants, read and write customer generated reviews and view and upload photos, order food delivery, book a table and make payments while dining-out at restaurants. Shares of Zomato declined 1.18% to Rs 75.23 on the BSE.

TVS Motor Company is a reputed two and three-wheeler manufacturer globally. It has four manufacturing facilities in Hosur, Mysuru and Nalagarh in India and Karawang in Indonesia. TVS Motor's group company Norton Motorcycles, based in the United Kingdom, is one of the most emotive motorcycle brands in the world. Its subsidiaries in the personal e-mobility space, Swiss E-Mobility Group (SEMG) and EGO Movement have a leading position in the e-bike market in Switzerland.

The 2-wheeler maker's standalone net profit jumped 49.5% to Rs 410.27 crore on 19.4% rise in revenue from operations to Rs 6,604.78 crore in Q4 FY23 over Q4 FY22.

The scrip gained 0.71% to currently trade at Rs 1314.55 on the BSE.