TVS Motor Raises Stake in Loss-Making Subsidiary DriveX to 92.41%

TVS Motor Company Limited ( (IN:TVSMOTOR) ) has issued an update.

TVS Motor Company has increased its shareholding in its subsidiary DriveX Mobility Private Limited to 92.41% from 87.38%, consolidating greater control over the two-wheeler trading and distribution business. DriveX reported a turnover of Rs. 59.97 crore in FY 2024-25, alongside a loss after tax of Rs. 46.33 crore and net worth of Rs. 36.98 crore.

The transaction, classified as a related-party deal and executed on an arm’s length basis, was completed on April 15, 2026 and involves using the proceeds to repay DriveX’s debt and fund its operational expenses. TVS Motor aims to deploy its operational excellence to improve efficiencies at DriveX and better serve customers, signaling a strategic commitment to strengthening its presence in the two-wheeler distribution segment despite the subsidiary’s current losses.

More about TVS Motor Company Limited

TVS Motor Company Limited is a leading Indian manufacturer in the two-wheeler and mobility sector, producing motorcycles, scooters and related mobility solutions for domestic and international markets. The company operates across the broader automotive value chain, including trading and distribution of two-wheelers through subsidiaries that support its core business and customer reach.

Average Trading Volume: 25,251

Technical Sentiment Signal: Buy

Current Market Cap: 1798.3B INR

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