Castrol India will purchase a 7% stake in TVS Automobiles' online division.

Castrol India Limited will acquire a 7.09 per cent stake in TVS Automobile Solutions . TVS Automobile Solutions is a digital subsidiary of Ki Mobility Solutions .

Castrol India Limited (CIL) announced today that it will acquire a 7.09 per cent stake in TVS Automobile Solutions, a digital subsidiary of Ki Mobility Solutions, in a all-cash agreement, with the intention to grow the domestic automotive aftermarket ecosystem by using myTVS, KMS's digitally integrated multi-brand service platform for two- and four-wheelers, according to a release.Besides, it will have many advantages as a result of synergy, including the extension of company offerings to electric vehicles and the possibility to extend our footprint beyond India.(

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