TVS Motor Boosts Stake in TVS Credit; Akme Fintrade Launches Green Finance

TVS Motor Company has increased its stake in subsidiary TVS Credit Services, acquiring an additional 4.39% for Rs 711 crore. This strategic move aligns with a separate development where Akme Fintrade (India) launched ‘AKME GreenX’, a new green finance platform, in partnership with Finayo.

TVS Motor Consolidates Financial Services Ownership

The acquisition, completed on July 27, 2026, involved TVS Motor purchasing 1,13,37,297 equity shares of TVS Credit Services (TVS CS) from Lucas-TVS. This transaction consolidates TVS Motor’s ownership within its financial services arm.

• Stake Acquired: 4.39%
• Consideration: Rs 711 crore
• Shares Purchased: 1,13,37,297 equity shares
• Date of Completion: July 27, 2026

This move is designed to streamline ownership and enhance operational efficiencies within TVS Credit Services, reflecting a clear corporate strategy to integrate key business segments more closely.

Akme Fintrade Ventures into Green Finance with Finayo

In a distinct but equally forward-looking initiative, Akme Fintrade (India) has collaborated with Finayo to introduce ‘AKME GreenX – Powered by Finayo’. This platform is specifically dedicated to financing electric mobility and renewable energy projects.

• 2-Year Target: Rs 200 crore green asset portfolio
• EV Financing (2 years): Rs 100 crore
• Solar & Distributed Renewable Energy Financing (2 years): Rs 100 crore
• 5-Year Target: Rs 1,000 crore EV & Solar financing portfolio

The partnership leverages Akme Fintrade’s established lending expertise with Finayo’s AI-powered digital lending platform. This synergy aims to deliver more efficient and technology-enabled financing solutions for India’s growing green economy sectors.

These developments underscore a strategic focus by both companies on strengthening core operations and tapping into emerging growth areas within India’s dynamic economic landscape.