TVS Srichakra Shares in Focus as Its Subsidiary to Acquire 51% Stake in Weber Drivetrain

TVS Srichakra Ltd has announced that its step-down wholly owned subsidiary, TVS Sensing Solutions Private Limited, will acquire a 51% stake in Weber Drivetrain Private Limited. 

The subsidiary has signed a Share Purchase Agreement (SPA) with G-Power Energy & Technology Private Limited for the purchase of 5,100 equity shares.  

The Board of TVS Sensing Solutions approved the transaction on 19 July 2026, following which the company made the disclosure through an exchange filing dated July 19, 2026.  

Transaction to Be Completed Within Six Months 

The acquisition will be made entirely through cash consideration of ₹1.43 crore. According to the filing, the transaction does not require any government or regulatory approvals.  

TVS Srichakra said the acquisition is expected to be completed within six months from the execution of the Share Purchase Agreement dated 19 July 2026.  

The company also clarified that the acquisition is not a related-party transaction and that the promoter group has no interest in Weber Drivetrain.  

Weber Drivetrain's Business 

Weber Drivetrain Private Limited is a Pune-based company engaged in the design, development, testing and manufacturing of electric motors and controllers for electric vehicles. The company also provides vehicle integration solutions to original equipment manufacturers (OEMs) under the Make in India programme.  

Weber was incorporated on 5 January 2022 and operates in the auto ancillary sector. Its authorised capital stands at ₹15 lakh, while its paid-up capital is ₹1 lakh, comprising 10,000 equity shares of ₹10 each.  

Turnover and Purpose of Acquisition 

Weber reported revenue of ₹14.17 crore in FY26, compared with ₹11.65 crore in FY25 and ₹13.48 crore in FY24. In its regulatory filing, TVS Srichakra said the acquisition is to strengthen electronics capacity through its subsidiary.  

Following completion of the transaction, TVS Sensing Solutions will hold a majority stake in Weber Drivetrain and add the company's electric motor and controller capabilities to its portfolio.  

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TVS Srichakra Share Price Performance  

As of 20 July 2026, 12:27 pm, TVS Srichakra Ltd share price was trading at ₹4,098.40, down 0.73% from the previous closing price. 

Conclusion 

The acquisition will be carried out through a cash purchase of equity shares, giving TVS Sensing Solutions majority control of Weber Drivetrain. The company has indicated a six-month timeline for completion. 

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