TVS Motor Increases Shareholding in Subsidiary DriveX Mobility Private Limited
TVS Motor Company Ltd has announced an increase in its shareholding in its subsidiary, DriveX Mobility Private Limited. The company's stake in the entity has risen to 92.41%, up from 87.38%, marking a significant strengthening of its operational control over the subsidiary.The acquisition transaction, which took place on April 15, 2026, involved a cash consideration payment. TVS Motor acquired 0.20% of the target entity's shareholding, for a total cost of Rs. 9,99,60,460.68. This transaction is classified as a related party transaction, and the proceeds are intended to support the subsidiary's operational needs.
DriveX Mobility Private Limited, incorporated on April 1, 2020, operates within the trading and distribution segment of two-wheelers. Its core business involves leasing motor cycles and scooters, as well as selling, trading, and distributing pre-owned two-wheelers and scooters.
TVS Motor stated that the acquisition aims to utilize its operational expertise to enhance efficiencies within the subsidiary's business model and better serve customer needs. The funds generated from the acquisition will primarily be allocated towards the repayment of debt obligations and covering the operational expenses of DriveX Mobility Private Limited.
DriveX Mobility Private Limited: Financial Overview
The subsidiary has shown specific financial activity in recent fiscal years. During the year 2024-25, DriveX generated a turnover of Rs. 59.97 Cr, reporting a loss after tax of Rs. 46.33 Cr and achieving a Networth of Rs. 36.98 Cr.The following table summarizes the company's turnover over the last three reported financial years:
| Fiscal Year | Turnover |
|---|---|
| 2024-25 | Rs. 59.97 Cr |
| 2023-24 | Rs. 33.99 Cr |
| 2022-23 | Rs. 5.79 Cr |
TVSMOTOR Stock Price Movement
Shares of TVS Motor Company Limited today slipped by 0.35% in post-market trading, settling at ₹3757.2. The stock saw significant interest, trading on a volume of 784,975 shares today.Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.