Castrol India Limited has acquired a 7.09% stake in ki Mobility Solutions Pvt. Ltd. for up to ₹ 487.5 Crores, aiming to enhance its presence in the automotive aftermarket through the digital platform myTVS.

Information on the Target

Castrol India Limited (CIL) is a prominent player in the Indian lubricant market, known for its extensive portfolio including popular brands such as Castrol CRB, Castrol GTX, Castrol Activ, Castrol MAGNATEC, and Castrol VECTON. The company has established a strong brand presence and operates a robust manufacturing and distribution network which includes three blending plants and around 350 distributors, reaching over 100,000 retail outlets across the country.

Ki Mobility Solutions Pvt. Ltd. (KMS), a subsidiary of TVS Automobile Solutions Pvt. Ltd., stands out in India's independent automobile aftermarket. As the first full-stack online-to-offline digital platform in the country, KMS aims to provide cost-effective and standardized services to vehicle owners. Through its myTVS brand, it serves a diverse customer base of over 3 million clients, facilitating service requirements ranging from repairs to roadside assistance.

Industry Overview in India

The automotive aftermarket industry in India has been undergoing significant transformation driven by the rise of digital technology. With increasing vehicle ownership and a growing focus on vehicle maintenance, the secto