Mumbai, Aug. 18 -- TVS Sensing Solution private limited (TVSSSPL), a wholly owned subsidiary of TSIL, primarily engaged in the manufacture of electrical switches, electrical apparatus and related components. It provides products and solutions across a wide range of segments, including automotive, industrial, consumer durables and IT. Its turnover was Rs 157.17 crore in FY25.

TSIL has acquired 2,14,285 equity shares of TVSSPL, each with a a face value of Rs 10 each, and a premium of Rs 270 per share, for a total consideration of Rs 6 crore.

The investment aims to improve efficient working capital management and support the growth plans of TVSSPL.

TVS Srichakra, the manufacturer of Eurogrip, TVS Eurogrip and TVS Tyres brands of tyres is ...