TVS Motor Company Limited — JV/Acquisition, 16-04-2026: Acquisition

TVS Motor has increased its stake in subsidiary DriveX Mobility to 92.41% by acquiring an additional 0.20% for ~Rs 9.99 Cr. This move solidifies TVS's control over DriveX, which operates in the pre-owned two-wheeler trading and leasing market. The acquisition aims to leverage TVS's operational expertise to boost efficiency and better serve customers in this growing segment. DriveX reported a FY25 turnover of Rs 59.97 Cr with a loss of Rs 46.33 Cr. TVS plans to inject efficiencies and help repay DriveX's debt.