Stay updated with breaking news from Tvs Mobility. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Ashok Leyland Invests In TVS Trucks: TVS Trucks is a joint venture with TVS Mobility Private Limited, where it holds a majority stake of 50.1%, while Ashok Leyland now commands a 49.9% shareholding. This collaboration positions both the companies strategically in the competitive automotive sector.
Mitsubishi Corporation is planning to inject Rs 300 crore into TVS Mobility, securing approximately 32 percent stake.
Mitsubishi plans to sends its employees to the dealership as soon as the investment is finalised, it was reported.
Under the agreement, car sales major TVS Mobility will spin off its car sales business, with Mitsubishi taking a stake of over 30 percent in the new entity.
Leveraging TVS Mobility's existing network of around 150 outlets, the venture is poised to become one of the largest independent car dealerships in India.