TVS Automobile Solutions Private Limited

TVS Automobile Solutions, based in India, specializes in automotive services aimed at improving vehicle ownership experiences through maintenance, repairs, and parts distribution. Founded in 2003, TVS Automobile Solutions Private Limited operates in Chennai, India, providing a range of automotive services. The company has completed a total of 8 deals, with the most recent funding round being Series C on December 15, 2022, raising INR 2030 million from EXOR. The firm was established without any noted mergers or carve-outs and does not have any publicly disclosed subsidiaries.

TVS Automobile Solutions offers a comprehensive suite of automotive services designed to enhance the ownership experience for vehicle users. Their core product offerings include vehicle maintenance solutions, repair services, and automotive parts distribution tailored for both commercial and individual customers. The company aims to address common challenges faced by vehicle owners, such as maintenance scheduling, parts accessibility, and service reliability, thereby foster greater efficiency and satisfaction in vehicle management. TVS serves a diverse client base, including fleet operators, independent garages, and individual consumers, predominantly in urban and suburban markets across regions such as Southeast Asia and the Middle East.

By focusing on innovation and customer convenience, the company positions itself as a vital partner in the automotive solutions sector. In the most recent year, 2023, TVS Automobile Solutions reported a revenue of INR 243,255,526 with an EBITDA of INR -10,608,343. 7. The company generates revenue primarily through service contracts, direct sales of automotive parts, and maintenance subscriptions, promoting a B2B transaction structure that supports long-term contracts with dealerships and service providers.

In December 2022, TVS Automobile Solutions Private Limited raised INR 2030 million in Series C funding, part of a larger INR 6900 million round, from returning investor EXOR. The company plans to utilize this funding to scale its online-to-offline business model, expand its network, and invest in technology to enhance its services and spare platform.