TVS Motor Company has further consolidated its investment in DriveX Mobility Private Limited, a subsidiary focused on the two-wheeler pre-owned segment. By acquiring an additional 0.20% stake, the company has increased its total shareholding to 92.41%. The acquisition, valued at approximately Rs. 9.99 crore, underscores TVS Motor’s commitment to leveraging its operational expertise to scale the pre-owned two-wheeler ecosystem and enhance overall customer service capabilities.
Expanding Control in Pre-Owned Market
TVS Motor Company has strengthened its footprint in the pre-owned vehicle space by raising its stake in DriveX Mobility Private Limited. This latest tranche, completed on April 15, 2026, brings the company’s total ownership to 92.41%, up from 87.38%. This strategic move is part of the parent company’s broader objective to bring operational efficiency to the subsidiary’s business model.
Strategic Rationale and Financials
The acquisition of the 0.20% stake was executed for a total cash consideration of Rs. 9,99,60,460.68. According to the disclosure, the proceeds from this investment will be utilized by DriveX to meet debt obligations and support ongoing operational requirements. By integrating its corporate strengths, TVS Motor aims to better serve the growing demand within the pre-owned two-wheeler leasing and distribution market.
Subsidiary Performance Overview
DriveX, which operates in the trading, distribution, and leasing of pre-owned two-wheeler motorcycles and scooters, has shown significant growth in scale. For the 2024-2025 financial year, the entity reported a turnover of Rs. 59.97 crore, a notable increase from Rs. 33.99 crore in 2023-2024 and Rs. 5.79 crore in 2022-2023. Despite current financial losses, the parent company continues to emphasize the strategic value of the subsidiary in its long-term portfolio.
Source: BSE
