TVS Motors has announced the completion of its divestment of equity stakes in Roppen Transportation Services Private Limited, marking a significant corporate transaction in its portfolio management strategy. The automotive manufacturer has successfully concluded the sale of preference shares as part of its ongoing business restructuring activities.

Transaction Details

The company completed the sale of 11,997 Series D Compulsory Convertible Preference Shares (CCPS) held in Roppen Transportation Services Private Limited on February 25, 2026. The transaction was finalized at 06:17 PM (IST) on the same date, representing a complete divestment of the company's stake in this particular investment.

Buyer Information

The CCPS were sold to two Mauritius-based investment entities, reflecting international investor interest in the transportation services sector. The buyers include Accel Leaders 5 Holdings (Mauritius) Limited and Accel India VIII (Mauritius) Limited, both of which appear to be part of the Accel investment group structure.

Regulatory Compliance

TVS Motor Company has fulfilled its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had previously made intimations regarding this transaction on November 6, 2025, and February 19, 2026, demonstrating transparent communication with stakeholders throughout the process.

Corporate Governance

The transaction has been classified as a material development, requiring formal disclosure to both the Bombay Stock Exchange and National Stock Exchange of India. Company Secretary K S Srinivasan signed the regulatory filing, ensuring proper documentation and compliance with corporate governance standards. The digital signature was applied on February 25, 2026, at 18:24:07 +05'30', confirming the authenticity of the disclosure.

TVS motors has achieved a historic milestone by reaching 1 million units of total production in Indonesia since commencing operations in the country 19 years ago. This achievement reflects the company's success in building a strong manufacturing foundation in Indonesia and demonstrates its commitment to delivering high-quality mobility solutions for both domestic and international markets.

Production Achievement Details

The milestone represents significant manufacturing success since TVS Motor Company began operations in Indonesia in 2006. The production breakdown showcases the company's focus on two-wheeler manufacturing while maintaining a presence in the three-wheeler segment.

Global Manufacturing Hub and Export Operations

TVS Motor Company Indonesia has positioned itself as a strategic global manufacturing hub, with a significant portion of the 1 million vehicles produced being exported to key international markets. James Chan, Senior Vice President, ASEAN Business, highlighted Indonesia's strategic role in TVS' global operations, noting that the facility serves markets across ASEAN, South Asia, the Middle East, South America, and Africa.

The company has continuously invested in modernizing its manufacturing facilities, expanding production capabilities, and adopting advanced technologies to ensure world-class product quality. The ability of Indonesia-produced vehicles to meet stringent global standards demonstrates the competitiveness of the local manufacturing operations.

Infrastructure and Market Presence

TVS Motor Company Indonesia operates an extensive sales and after-sales service network to support its market presence. The company has strategically expanded its distribution infrastructure across the Indonesian archipelago.

Manufacturing Capabilities and Market Focus

The integrated production facility in East Karawang, West Java, handles the complete production cycle from engine assembly and spare parts manufacturing to painting and product testing. TVS Motor Company Indonesia has been a member of AISI (the Indonesian Motorcycle Industry Association) since March 2010, reinforcing its commitment to the local automotive industry.

Every vehicle produced is designed to meet the evolving needs of Indonesian consumers, with emphasis on performance, durability, fuel efficiency, and technological relevance. The company's products feature design characteristics that reflect the unique requirements of the local market while maintaining international quality standards.

Economic Contribution and Future Outlook

Beyond production achievements, TVS Motor Company Indonesia contributes meaningfully to the national economy through job creation, technology transfer, and strengthening local manufacturing ecosystems. The company maintains close collaboration with local suppliers, dealer partners, and supporting industry networks, positioning itself as a valuable contributor to Indonesia's broader industrial development.

The milestone reinforces the company's commitment to advancing innovation, expanding its product portfolio, and developing more efficient, low-emission, and technology-driven mobility solutions. With a strong foundation built over nearly two decades, TVS Motor Company is positioned to further its contributions to Indonesian society and the automotive sector's advancement.