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TVS Motor Company to acquire additional stake in DriveX Mobility

30 Nov 2024 Evaluate

TVS Motor Company is all set to further acquire 7,914 equity shares of face value of Rs 10 each comprising 39.11% of the issued, subscribed and paid-up share capital of DriveX Mobility (DriveX) from its existing shareholder. 

Upon consummation of the transaction, the company’s holding in DriveX will increase to 87.38% and consequently DriveX will become a subsidiary of the company. With this acquisition, the company will be able to use its operational excellence to bring efficiencies in the business of the DriveX and serve the needs of the customers better.

Earlier, the company holds 9,766 equity shares of face value of Rs 10 each comprising 48.27% of the issued, subscribed and paid-up share capital of DriveX.

TVS Motor Company is a reputed two and three-wheeler manufacturer. TVS Motor’s strength lies in its extensive research and development, resulting in products that are industry leading in terms of innovation.


TVS Motor Share Price

3743.60 -7.00 (-0.19%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Bajaj Auto 9777.15
Hero MotoCorp 5229.25
TVS Motor 3743.60
Eicher Motors 7189.40
Ather Energy 850.65
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