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TVS Motor Raises Stake In Narain Karthikeyan’s DriveX Mobility
- TVS Motor Company has acquired an additional 39.11% stake in DriveX Mobility for INR 97.78 Cr.
- TVS Motor now holds a total stake of 87.38% in DriveX, making it a subsidiary.
- DriveX Mobility is a digital autotech platform founded by Narain Karthikeyan and Christopher Anand Sargunam.
- TVS Motor aims to expand its presence in the electric vehicle sector and promote India as an EV exporter.
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