TVS Automobile Solutions raises Rs 425 Cr from UAE investor to expand myTVS brand

TVS Automobile Solutions, which owns the omnichannel automotive aftermarket brand myTVS, has raised Rs 425 crore in a Series D round of funding led by CE-Invests, the investment arm of UAE-based Crescent Enterprises. TVS Automobile Solutions is part of the $3 billion TVS Mobility Group. Prior to this funding round, myTVS had raised around Rs 690 crore, comprising Rs 203 crore from Lingotto (Exor) in 2022 and Rs 487 Cr from Castrol in 2023.