Subsidiary of TVS Srichakra Limited Acquires 51% Stake in EV Tech Firm Weber Drivetrain
TVS Sensing Solutions Private Limited, a wholly owned subsidiary of TVS Srichakra Limited, has entered into a Share Purchase Agreement to acquire a significant stake in Weber Drivetrain Private Limited. The acquisition was formalized on July 19, 2026.
Through this transaction, the subsidiary secured 5,100 equity shares, constituting 51% of the paid-up equity share capital of Weber Drivetrain Private Limited. The complete purchase price for the stake is Rs. 1,43,00,000, which was settled via cash consideration.
The transaction details indicate that the acquisition is intended to build electronics capability within the organization and relates to the Auto Ancillary industry sector. A timeline of six months from the execution date of the Share Purchase Agreement has been set for the completion of the acquisition process.
Weber Drivetrain Private Limited, a Pune-based EV technology company, specializes in designing, developing, testing, and manufacturing electric motors and controllers. The firm supports Original Equipment Manufacturers (OEMs) with end-to-end vehicle integration solutions under India’s 'Make in India' initiative.
The target entity, Weber Drivetrain Private Limited, has an Authorized Capital of Rs. 15,00,000 and currently holds a Paid up capital of Rs. 1,00,000, comprising 10,000 Equity Shares of Rs. 10 each.
The financial performance data for Weber Drivetrain Private Limited across the last three financial years includes:
| Financial Year | Turnover (Rs. Crores) |
|---|---|
| FY26 | 14.17 |
| FY25 | 11.65 |
| FY24 | 13.48 |
TVSSRICHAK Stock Price Movement
TVS Srichakra Limited shares slipped on Friday, closing down 1.85% to settle at ₹4128.5. The equity saw a traded volume of 2,806 shares during the session.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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