TVS Mobility, a part of the TVS Group, has formed a joint venture with Japanese conglomerate Mitsubishi Corporation, with Mitsubishi investing INR 300 crore ($40 million) for a 32% stake in TVS Vehicles Mobility Solutions (TVS VMS), a newly formed subsidiary. The partnership aims to establish a comprehensive vehicle mobility ecosystem in India, focusing on passenger cars, commercial vehicles, and material handling equipment.
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