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TVS ASL Secures 425 Crore Rupees to Fuel Expansion of myTVS
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CNBC TV18•05-10-2026, 18:36
TVS ASL Secures 425 Crore Rupees to Fuel Expansion of myTVS
- •TVS Automobile Solutions has raised 425 crore rupees in a Series D funding round led by UAE-based Crescent Enterprises' strategic investment arm CE-Invests.
- •The fresh capital will be used to expand the myTVS automotive aftermarket brand across India and take its technology-led model into international markets.
- •The partnership will initially target the Middle East and North Africa region to adapt and scale technology capabilities for mobility and fleet businesses.
- •myTVS achieved EBITDA breakeven in fiscal year 2026 and projects near-term business growth between 25 and 35 percent.
- •The company is increasing investments in artificial intelligence and advanced technology to scale its platform for the next growth phase.
Key Questions Answered
TVS ASL raised ₹425 crore in a Series D funding round led by CE-Invests, which is the strategic investment arm of UAE-based Crescent Enterprises.
The partnership will initially focus on exploring opportunities in the Middle East and North Africa (MENA) region to adapt and scale myTVS technology and capabilities.
myTVS achieved EBITDA breakeven in FY26 and anticipates a business growth rate of 25-35% in the near term.
