TVS Srichakra Subsidiary Acquires 51% Stake in EV Tech Firm Weber Drivetrain for ₹14.3 Crore
TVS Srichakra's subsidiary will acquire a 51% stake in Weber Drivetrain Private Limited for ₹1.43 Crore. Weber Drivetrain is an EV technology firm specializing in electric motors and controllers. The acquisition is expected to complete within 6 months from July 19, 2026, and aims to enhance electronics capability.
The acquisition of a 51% stake in Weber Drivetrain, while strategic, represents a relatively small financial investment for TVS Srichakra Limited. Its impact will depend on the successful integration and future performance of Weber Drivetrain.
The acquisition of a stake in an EV technology company is a strategic move that is likely to benefit the company's future growth and expansion into new technologies.
TVS Srichakra Limited announced that its step-down wholly owned subsidiary, TVS Sensing Solutions Private Limited, has entered into a Share Purchase Agreement to acquire a 51% stake in Weber Drivetrain Private Limited. The acquisition involves 5,100 equity shares of Weber Drivetrain Private Limited for a cash consideration of ₹1.43 Crore.
Weber Drivetrain Private Limited, incorporated on January 5, 2022, is an EV technology company specializing in designing, developing, testing, and manufacturing electric motors and controllers. It supports OEMs with end-to-end vehicle integration solutions under the "Make in India" initiative. The company's turnover for FY26 was ₹14.17 Crore, FY25 was ₹11.65 Crore, and FY24 was ₹13.48 Crore.
The acquisition is expected to be completed within 6 months from the execution date of the Share Purchase Agreement, which was July 19, 2026. This move aims to build electronics capability within the company's operations. The acquisition does not fall within related party transactions.
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TVS Srichakra 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 TVS Srichakra Limited. Read the original for the full detail.