TVS Motor Raises Stake in DriveX Mobility with ₹99.6 Million Investment

TVS Motor Company Limited has increased its stake in DriveX Mobility Private Limited after investing ₹99.6 million through a fresh tranche of share acquisition, the company said via a release to the exchanges. 

The latest investment led to the acquisition of an additional 0.20% stake, taking the company’s shareholding change beyond 5% compared to its earlier disclosure.

DriveX, which operates in the trading and distribution of two-wheelers, reported turnover of ₹599.7 million in the 2024-2025 fiscal year. The company posted a loss after tax of ₹463.3 million, with a net worth of ₹369.8 million.

The transaction falls under related party dealings but has been executed at arm’s length. A member of the promoter group holds a 0.38% stake in the target entity.

TVS said it plans to leverage its operational expertise to improve efficiencies at DriveX and enhance customer experience. The proceeds from the investment will primarily be used to repay debt and support operational expenses.

The acquisition was completed on April 15 and was carried out through cash consideration. No regulatory approvals were required.
DriveX, incorporated in April 2020, is engaged in leasing and selling pre-owned two-wheelers, including motorcycles and scooters, catering to both retail and distribution segments.