TVS Sensing Solutions Private Limited, a step-down wholly owned subsidiary of TVS Srichakra Limited , has acquired a 51% stake in Weber Drivetrain Private Limited for ₹1.43 crore. The strategic acquisition is aimed at building electronics capabilities in the auto ancillary sector, specifically targeting the electric vehicle market. The transaction was approved by the Board of Directors of TVS Sensing Solutions on July 19, 2026.

Acquisition Structure

The subsidiary entered into a Share Purchase Agreement with G-Power Energy & Technology Private Limited to purchase 5,100 equity shares, representing 51% of the paid-up equity share capital of Weber Drivetrain. The consideration for the acquisition was paid in cash. The deal is expected to be completed within six months from the execution date of the Share Purchase Agreement, which is July 19, 2026.

The acquisition is not a related party transaction, and no promoter or promoter group companies have any interest in the entity being acquired. No specific governmental or regulatory approvals are required for the transaction.

About Weber Drivetrain

Weber Drivetrain is a Pune-based EV technology company incorporated on January 5, 2022. The company specializes in designing, developing, testing, and manufacturing of electric motors and controllers, supporting OEMs with end-to-end vehicle integration solutions under the 'Make in India' initiative. Weber Drivetrain has an authorized capital of ₹15,00,000 and an issued, subscribed, and paid-up capital of ₹1,00,000, divided into 10,000 equity shares of ₹10 each.

Financial Performance of Weber Drivetrain

The target entity has demonstrated consistent revenue generation across recent financial years. The following table summarizes Weber Drivetrain's turnover:

TVS Srichakra Ltd expanded its retail footprint with the launch of five new exclusive Eurogrip Tyres stores in Hyderabad, Telangana on June 23, 2026. This expansion reinforces the brand's strategy to provide a complete tyre and two-wheeler care experience and strengthens its presence in key markets. Mr. Silvio Montanari, Design Head, Eurogrip - Milan, was present at the launch of the store openings.

Retail Expansion in Hyderabad

The newly launched stores house Eurogrip's range of tyres across various patterns and sizes, along with tubes designed for scooters, commuter motorcycles, mid-range performance bikes, adventure touring bikes, and superbikes. In addition to product sales, the outlets provide professional tyre fitment, tyre care, puncture repair, and air pressure checks. The stores also assist customers with warranty-related support to ensure a reliable ownership experience.

Mr. T.K. Ravi, Chief Operating Officer of TVS Srichakra Ltd, highlighted that Hyderabad is a key market with a vibrant and growing two-wheeler community. He stated that the opening of these five exclusive stores marks another significant milestone in the company's journey to bring high-quality products and services closer to customers.

Store Locations

The new outlets are operated by Green Secure Energy Private Limited at the following addresses:

Strategic Growth and Market Presence

The expansion is part of a broader strategy to establish a consistent and trusted service environment across India. In addition to the newly opened stores in Hyderabad, Eurogrip operates retail experience stores in Panipat, Bahraich, Ludhiana, Delhi, Alappuzha, Chennai, Mysuru, Patna, Farrukhabad, Ahmedabad, and Rajkot.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE421C01016/902be574d4ca4d61.pdf