TVS SCS Thailand: TVS SCS (Siam) Limited is a wholly owned subsidiary of the company in Thailand and has not been carrying out any business operations during the last Financial Year. The said subsidiary is a dormant company with nil turnover. The dissolution is under the process, not yet completed, the company said.
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.