TVS ASL attracts strategic investment from UAE-based Crescent Enterprises

Chennai, Oct 5 (UNI) TVS Automobile Solutions (TVS ASL), the owner of the 'myTVS' automotive aftermarket brand and part of the USD 3 billion TVS Mobility Group, today announced that it has raised Rs.425 crore in a Series D funding round led by CE-Invests, the strategic investment arm of UAE-based Crescent Enterprises. The investment reflects CE-Invests' strong interest in the technology-led and scalable platform model that TVS ASL has built through myTVS in India. Over the years, myTVS has developed an integrated automotive aftermarket platform that combines digital capabilities with a physical service network and has established itself as a…