TVS Srichakra arm acquires 51 percent in Weber Drivetrain for Rs 1.43 Cr
TVSSRICHAK · price
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TVS Srichakra's step-down wholly owned subsidiary TVS Sensing Solutions has signed a Share Purchase Agreement to acquire 51 percent stake (5,100 equity shares) in Weber Drivetrain Private Limited, a Pune-based EV motor and controller maker, for Rs 1.43 crore in cash. Weber reported turnover of Rs 14.17 crore in FY26, up from Rs 11.65 crore in FY25. The deal, approved on 19 July 2026, is aimed at electronics capability building and is not a related party transaction. Completion is expected within 6 months.
Small tuck-in acquisition in EV components. Deal value of Rs 1.43 Cr is modest, so limited near-term financial impact. Strategic entry into EV electronics.