TVS in talks to raise Rs.5,000-Cr for EV push

TVS Motor Co Ltd is in talks to raise INR 4,000-5,000 crore from private equity firms to fund the expansion plan of the group's newly formed electric mobility arm. The funds would be used for organic and brownfield expansion in the EV space. TVS wants to increase the share of revenues from its EV business, capitalizing on the increasing demand for electric vehicles globally.