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TVS Motor acquires additional 39.11% share capital of DriveX

24 Dec 2024 Evaluate

TVS Motor Company has completed acquisition of 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).

Pursuant to the aforesaid acquisition, the Company’s holding in DriveX has increased to 87.38% and consequently it has become a subsidiary of the Company.

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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