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myTVS raises ₹425 crore Series D led by CE-Invests to scale in India and take its aftermarket model to MENA
Our read
myTVS will probably use the ₹425 crore to deepen its India network first and enter MENA cautiously, keeping growth within 25-35% while defending its FY26 EBITDA breakeven.
For operators
With fresh ₹425 crore behind a network of 1,000+ garages and 10,000 retailers, myTVS is set to compete harder for independent aftermarket parts and service volume in India, so regional distributors and garage chains should firm up supplier terms and service differentiation now.
Watch
Announcement of a first MENA country, warehouse or distribution partner
The report,
TVS Automobile Solutions, owner of myTVS, raised ₹425 crore in a Series D round led by CE-Invests on Monday. The funds will scale operations in India and take the aftermarket model to MENA. It expects 25-35% near-term growth after EBITDA breakeven in FY26.
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Reported figures
From the report. Source details below
| Garages in network: | more than 1,000 |
|---|---|
| Retailers in network: | 10,000 |
| Funding raised before Series D: | around ₹690 crore |
What to watch next
- Garage and retailer counts moving well beyond 1,000+ and 10,000
- Reported growth tracking inside or outside the 25-35% range
- EBITDA holding positive after the FY26 breakeven as MENA costs begin
- Fresh funding, acquisition or IPO-readiness signals following the Series D
The source
Published
Also reported by The Hindu BusinessLine, Business Standard, CNBC-TV18, Autocar Professional, ET Auto Retail, Deccan Herald Business
First seen