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Mitsubishi Corporation is planning to inject Rs 300 crore into TVS Mobility, securing approximately 32 percent stake.

The journey of SCS and Rolls-Royce Power Systems regional center, RollsRoyce Solutions Asia, began in early 2013 with the mutual goal of enhancing warehouse efficiency and productivity at the PDC through the implementation of an Automated Storage & Retrieval System (ASRS).

Shares of TVS Supply Solutions Ltd rose 8% intraday after the global supply chain solutions provider said that its contract with Rolls-Royce has been extended for five years until 2029. TVS Supply Solutions stock rose 7.86% to Rs 205 on BSE. Market cap of the firm rose to Rs 8,808.23 crore. Later, the stock ended 5.34% higher at Rs 200.20 on BSE. A total of 4.55 lakh shares of TVS Supply Solutions changed hands amounting to a turnover of Rs 9 crore.

Mitsubishi Corporation is investing $300 million with TVS Mobility to form a new joint venture called TVS Vehicle Mobility Solutions

Mitsubishi JV With TVS Mobility: The collaboration aims to establish a comprehensive vehicle mobility ecosystem in India, transforming TVS Mobility's dealership business into TVS Vehicle Mobility Solution (TVS VMS).