TVS Motor Company is stepping into the spotlight after announcing that it has completed a major acquisition, bringing its stake in DriveX Mobility to a commanding 87.38%. The details of the transaction are still a bit murky—TVS revealed it acquired 39.11% of DriveX, or 7,914 equity shares, from existing shareholders. Regardless, this marks a significant consolidation of power in DriveX, a digital-first auto-tech company that’s been carving out a niche in the booming pre-owned two-wheeler market across India. This deal isn’t TVS’s first brush with DriveX—back in August 2022, the company picked up a 48.27% stake in DriveX’s parent, Nkars Mobility Millennial Solutions. Now, with this latest move, TVS is clearly doubling down on its commitment to the pre-owned two-wheeler space. As for TVS Motor’s stock, it’s had a decent run, up 21.35% in the past year and 18.3% year-to-date. But over the last few months, there’s been a bit of a slowdown—down 16% in the last three months and a slight dip of 1% in the past month. TVS closed flat at Rs 2,388.15 in the previous session, but this fresh development with DriveX could reignite some investor enthusiasm.