TVS Sensing Solutions Acquires 51% Stake in EV Tech Firm Weber Drivetrain

TVS Sensing Solutions Private Limited (a step-down wholly-owned subsidiary of TVS Srichakra Limited) has agreed to acquire a 51% controlling stake in Pune-based EV technology company, Weber Drivetrain Private Limited, for a cash consideration of ₹1.43 crore. The Share Purchase Agreement was approved on July 19, 2026. Key Deal Highlights: Target Profile: Weber Drivetrain specializes in the design, development, testing, and manufacturing of electric motors and controllers, offering end-to-end vehicle integration solutions aligned with the 'Make in India' initiative. Financials: The target has shown steady growth, reporting a turnover of ₹14.17 crore in FY26 (up from ₹11.65 crore in FY25 and ₹13.48 crore in FY24). Transaction Details: The acquisition involves 5,100 equity shares. It is an arm’s-length transaction (not a related-party deal) and requires no special regulatory approvals, with completion expected within six months. Strategic Rationale: This strategic move is designed to rapidly build and integrate advanced electronics capabilities into TVS Srichakra’s auto-ancillary portfolio. By acquiring a majority stake in a specialized EV drivetrain player, the group strengthens its foothold in the rapidly expanding electric vehicle ecosystem and secures in-house expertise for next-generation mobility solutions. Outlook: The acquisition provides TVS Sensing Solutions with immediate access to proven EV motor and controller technology, positioning the company to capitalize on the accelerating domestic demand for electric two-wheelers and light commercial vehicles. $TVSSRICHAK