Acquisitions19 Jul 2026, 06:30 pm
TVS Srichakra Subsidiary Acquires 51% Stake in Weber Drivetrain
AI Summary
TVS Srichakra Limited announced that its step-down wholly owned subsidiary, TVS Sensing Solutions Private Limited, has acquired a 51% stake in Weber Drivetrain Private Limited for ₹1.43 crore. Weber Drivetrain specializes in electric motors and controls for EV vehicles, with a turnover of ₹14.17 crore in FY26. This acquisition aims to build electronics capability for TVS Srichakra. The deal is expected to be completed within six months.
Key Highlights
- TVS Srichakra subsidiary acquires 51% of Weber Drivetrain.
- Acquisition cost is ₹1.43 crore.
- Target company specializes in EV motors and controls.
- Deal aims to enhance electronics capability.
- Completion expected within six months.
Price Impact
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