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TVS to acquire 48pc stake in two-wheeler startup DriveX for Rs 85 cr

TBB BBUREAU CHENNAI, AUGUST 24, 2022 TVS Motor Company, one of the leading manufacturers of two-wheelers and three-wheelers globally said on Wednesday that it has acquired 48.27 per cent stake in Narain Karthikeyan’s start-up “DriveX” (NKars Mobility Millennial Solutions Private Limited), a pre-owned two-wheeler platform, for about Rs 85.41 crore. TVS Motor sees a strong potential in the pre-owned two-wheeler ...

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