Tube Investments Acquires Remaining 5.45% Stake in TIVOLT for ₹30 Crore
TIINDIA's subsidiary, TICMPL, acquired the remaining 5.45% stake in TIVOLT for ₹30 Crore. This makes TIVOLT a wholly-owned subsidiary. TIVOLT manufactures electric small commercial vehicles and reported ₹81.55 Crore turnover in FY26 YTD.
The acquisition of a remaining stake to achieve full ownership is a significant step for the subsidiary's growth in the electric vehicle segment, impacting future operations and market position.
The acquisition consolidates ownership and operational control, which is a positive strategic move for the company's subsidiary.
Tube Investments of India Limited (TIINDIA) announced that its subsidiary, TI Clean Mobility Private Limited (TICMPL), has acquired the entire remaining 5.45% stake in M/s. TIVOLT Electric Vehicles Private Limited (TIVOLT) for a cash consideration of ₹30 Crore. This acquisition, effective March 31, 2026, makes TIVOLT a wholly-owned subsidiary of TICMPL.
TIVOLT is engaged in the manufacture and sale of electric small commercial vehicles (e-SCV) in India. The company was incorporated in 2023. Its issued and paid-up equity capital is ₹550 Crore. For FY2025-26 (unaudited YTD December 2025), TIVOLT reported a turnover of ₹81.55 Crore, compared to ₹5.21 Crore in FY2024-25 and ₹4.26 Crore in FY2023-24.
This transaction, conducted on an arm's length basis, will enable TICMPL to consolidate its holding and gain better operational control over TIVOLT's electric vehicle business. No specific governmental or regulatory approvals were required for this acquisition.
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Tube Investments of India Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Tube Investments of India Limited. Read the original for the full detail.