TVS Motor Increases DriveX Stake to 92.41%

TVS Motor Company increased its stake in subsidiary DriveX Mobility to 92.41% from 87.38% via a ₹9.99 crore acquisition.
DriveX, a related party, trades and distributes two-wheelers, reporting a FY25 turnover of ₹59.97 Cr but a loss of ₹46.33 Cr.
The acquisition, completed on April 15, 2026, aims to bring operational efficiencies to DriveX's business and repay its debt.
This intimation is a regulatory filing under SEBI LODR Regulation 30, disclosing a change exceeding a 5% threshold.