TVS Motor To Acquire 4.90% Stake In Jana Small Finance Bank; Launches EV Three-Wheeler In Nepal

Indian equity benchmark indices traded lower on Monday, with the benchmark Nifty 50 index declining 0.19 per cent to 23,597.95 during the session. Weak sentiment across automobile stocks weighed on the broader markets. In this segment, shares of TVS Motor Company remained under pressure after the company announced acquisition of a stake in Jana Small Finance Bank and expansion of its EV portfolio in Nepal. On Monday, TVS Motor share price declined 4.87 per cent to Rs 3,298.

TVS Motor To Acquire 4.90 per cent Stake In Jana Small Finance Bank

TVS Motor informed exchanges that the Investment Committee of the Board approved execution of a share purchase agreement to acquire 51,60,903 equity shares representing a 4.90 per cent stake in Jana Small Finance Bank from Jana Holdings Limited.

According to the filing, Jana Small Finance Bank reported total income of Rs 6,374.76 crore and profit after Tax of Rs 326.43 crore during FY26. The bank’s net worth stood at Rs 4,215.50 crore.

The company stated that the acquisition is not a related party transaction and forms part of its strategic investment initiatives.

TVS Motor Launches TVS King EV MAX In Nepal

Separately, TVS Motor also announced launch of its electric passenger three-wheeler, TVS King EV MAX, in Nepal.

The company stated that the vehicle offers a certified range of 179 kilometres on a single charge and supports fast charging with 0-80 per cent charging in around 2 hours and 15 minutes.

The EV three-wheeler is powered by an 11 kW motor and a 9.2 kWh lithium-ion LFP battery. The company added that the product includes connected features through TVS SmartXonnect technology.

Management Commentary

Commenting on the launch, Peyman Kargar, President – International Business, TVS Motor Company, stated that the launch of TVS King EV MAX in Nepal reinforces the company’s commitment towards sustainable and future-ready mobility solutions across international markets.

He added that Nepal has emerged as one of the fastest-growing EV markets globally, especially in electric three-wheeler mobility solutions.

About TVS Motor Company

TVS Motor Company is one of India’s leading two-wheeler and three-wheeler manufacturers with operations across domestic and international markets.

The company operates across motorcycles, scooters, electric vehicles and mobility solutions while continuing to focus on EV expansion, connected mobility and international business growth.

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Disclaimer: This article is for informational purposes only and not investment advice.