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TVS Motor Company raises stake in DriveX to 92.41%

17 Apr 2026 Evaluate

TVS Motor Company has raised its shareholding in its subsidiary - DriveX Mobility (DriveX) to 92.41% from 87.38%. The proceeds of the issue will be primarily utilized towards repayment of the debt obligations and for operational expenses of DriveX. 

DriveX is engaged in the business of leasing two-wheeler motor cycles and scooters (which, for abundant clarification shall exclude bicycles and electric bicycles); and selling, trading, and distributing pre-owned two-wheeler motor cycles and scooters (which, for abundant clarification shall exclude bicycles and electric bicycles).

TVS Motor Company is a two and three-wheeler manufacturer globally, championing progress through sustainable mobility with four state-of-the-art manufacturing facilities located in India and Indonesia.

TVS Motor Company Share Price

3703.25 77.25 (2.13%)
06-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
Bajaj Auto 10039.85
TVS Motor Company 3703.25
Hero MotoCorp 4944.65
Eicher Motors 7469.70
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