TVS Automobile Solutions (TVS ASL), part of the TVS Mobility Group and owner of the automotive aftermarket brand myTVS, has secured INR 4.25 billion in a Series D funding round led by CE-Invests, the strategic investment arm of UAE-based Crescent Enterprises.

The capital raise will support myTVS’ plans to invest in artificial intelligence (AI) and technology infrastructure to target a 25–35 percent near-term growth rate and prepare for eventual public-market readiness. The partnership also aims to expand the myTVS technology and service model into international markets, focusing initially on the Middle East and North Africa (MENA) region.

The company achieved EBITDA breakeven in FY2026. Prior to this round, myTVS had raised approximately INR 6.90 billion, including INR 2.03 billion from Lingotto in 2022 and INR 4.87 billion from Castrol in 2023. NAFA Sustainable Finance acted as the financial advisor to TVS ASL for the capital raise.

The myTVS platform integrates digital operations with physical service centers, supplying vehicle maintenance, parts, accessories, tyres, batteries, insurance and roadside assistance to retail customers and fleet operators across India.

Badr Jafar, CEO, Crescent Enterprises, said, "Built over generations of trade, enterprise and human connection, the UAE–India relationship is becoming ever more important – not only to both countries, but to economic growth across MENA, Asia and beyond. The strongest economic corridors carry more than capital: they move technology, ideas and operating expertise in both directions. When India’s scale, talent and innovation connect with the UAE’s capital, infrastructure and regional reach, each market becomes a platform for the other’s growth. That reciprocal model creates value far beyond either country and reflects principles that have long shaped Crescent Enterprises’ investment and partnership strategy."

R Dinesh, Director, TVS Automobile Solutions, said, "We are delighted to have CE-Invests as an investor. myTVS has scaled up its technology-led services and parts platform to serve the end customer directly and by working with various corporate partners and vehicle manufacturers in India. This investment is a further proof that this technology-led platform is capable of delivering a similar experience in other markets. This will further enable the company to scale up its operations in India and the MENA region and continue to maintain its profitable growth. This partnership will only further increase its rate of growth, and CE Invests is the perfect partner for the Middle East."

Tushar Singhvi, Deputy CEO and Head of Investments, Crescent Enterprises, said, "myTVS has demonstrated that an integrated, technology-enabled platform can bring meaningful improvements in service quality, transparency and vehicle uptime at scale. This investment fits squarely with CE-Invests’ strategy of backing established, well-governed businesses with strong fundamentals, proven operating models and the potential to expand across the MENA–Asia corridor. Alongside capital, we will bring market insight, commercial relationships and regional execution support to help myTVS establish a strong UAE presence and grow across MENA."

Ameya Prabhu, CEO, NAFA Group and Director at NAFA SF, said, "We are pleased to have advised TVS Automobile Solutions on this strategic capital raise and to have facilitated the partnership with CE-Invests. We believe this provides a strong platform for myTVS to accelerate its growth in India while exploring opportunities for expansion in the MENA region. We congratulate both teams on the successful transaction and look forward to seeing the partnership create significant value in the years ahead."

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BMW Group India and Navnit Motors have opened a service workshop facility in Mumbai, designed in accordance with the manufacturer's Retail.NEXT standards.

Located in Andheri East, the facility covers approximately 115,000 square feet and operates 53 service bays, comprising six consultation bays, three diagnostic bays, 21 mechanical and electrical bays, and 23 body and paint bays.

The centre incorporates infrastructure for electric vehicle maintenance, high-voltage equipment, solar power generation covering 20 percent of electricity needs, rainwater harvesting and water recycling systems. Digital integrations include service scheduling via the MyBMW App, personalised video repair estimates with digital payment options, and real-time vehicle tracking. BMW Group India currently operates 56 service workshops across its national network.

Ralf Hattler, Senior Vice-President of Customer Support and Aftersales, BMW Group, said, "Aftersales is a strategic pillar of the BMW Group’s long-term relationship with its customers. As mobility evolves, our focus is to build a service ecosystem that is ready for every drivetrain, intelligently connected and consistently centred on individual customer needs. The new Retail.NEXT service workshop in Mumbai translates this global ambition into a powerful local reality - combining scale, specialist competence and responsible operations to safeguard vehicle performance. For our customers, this means peace of mind: knowing that BMW is always by your side and keeps you mobile throughout the entire ownership journey."

Hardeep Singh Brar, President and CEO, BMW Group India, said, "Customer experience does not end with the purchase of a BMW, it continues throughout the ownership journey. With Navnit Motors, we have established one of India’s largest automotive service workshops and the country’s largest BMW service workshop facility, bringing together scale, digital innovation, sustainability and future-ready expertise under one roof. It is a significant expression of our ‘Relax. We Care.’ promise and our commitment to making BMW ownership effortless, transparent and rewarding."

Krishna Kachalia, Dealer Principal, Navnit Motors, said, "As we celebrate 30 years of a strong and enduring partnership with the BMW Group, this landmark facility is a significant milestone in our shared journey. Our deep understanding of Mumbai and the evolving needs of BMW customers have shaped our vision to create this world-class service facility. As the largest BMW service workshop, it reflects our commitment to setting new benchmarks in aftersales excellence. With significantly enhanced service capacity, advanced diagnostic systems, dedicated EV facilities, connected service technologies and highly skilled specialists, the facility combines scale with precision and personalised care for BMW customers across Mumbai."

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Over 200 suppliers from Taiwan will participate in AAPEX 2026, North America’s leading automotive aftermarket exhibition, scheduled to take place at the Venetian Expo in Las Vegas from 3rd November to 5^th November.

Presented by the International Trade Administration and the Taiwan External Trade Development Council, the delegation will exhibit under the Team Taiwan banner at Booth V19622.

The display features products across categories including components, electronics, lighting, tools and collision repair parts. The showcase incorporates an industry scenario zone, digital kiosks, and scheduled presentations.

The events during the exhibition include an opening ceremony, networking sessions, procurement meetings and pitch demonstrations focusing on maintenance equipment, diagnostics and advanced driver assistance systems.

Image for representational purposes only.

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Indraprastha Gas has introduced Nawgati's artificial intelligence (AI) vehicle recognition and safety verification system at fuel stations in Delhi.

The rollout was inaugurated at the Shantipath CNG facility by Sanjay Kumar Singh, Joint Chief Controller of Explosives for the North Circle at the Petroleum and Explosives Safety Organisation (PESO). The initiative implements a three-pronged compliance framework to verify compressed natural gas cylinder hydrotest validity before refuelling.

The system incorporates the consumer-facing Nawgati app, the Aaveg compliance application used by queue marshals and automated license plate recognition cameras linked to digital LED displays and public announcement systems. Non-compliant vehicles with expired certifications trigger automated alerts to station staff to halt refuelling operations.

Ambuj Singh, Senior Vice President of Business and Operations, Nawgati, said, "Fuel retail safety relies on robust enforcement and friction-free technology. Having senior leadership inaugurate this rollout at IGL Shantipath is a testament to the urgency and impact of our solution. By combining our proprietary technology, the Aaveg Compliance app for queue marshals, and consumer-facing transparency through the Nawgati app, we are helping operators eliminate manual blind spots, prevent unverified cylinders from refuelling, and set a new benchmark for smart infrastructure safety."

The safety deployment is accompanied by public awareness campaigns across media channels and operational protocols implemented by Indraprastha Gas to support national energy targets and infrastructure expansion.

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AXOR, the premium helmet brand from Vega Auto, has launched the Agera, a full-face helmet designed with aerodynamic engineering and ventilation features for high-speed riding.

The helmet features a shell profile with an integrated rear spoiler engineered to manage airflow, reduce aerodynamic drag, and lower neck strain at high speeds. The rear spoiler functions as an integrated exhaust vent to assist with thermal management and interior airflow extraction. The product will be retailed in domestic markets and exported across AXOR's international distribution network.

The Agera features a double D-ring retention system and an Emergency Quick Release System for cheek pad removal during emergency situations. The helmet is equipped with an optically correct, scratch-resistant, UV-protected Revo outer visor featuring a tool-free quick-release mechanism and Pinlock anti-fog compatibility, alongside an integrated internal smoke sun visor for glare reduction.

Uttam Chandak, Joint MD and Head of Research and Development, AXOR, said, "Aerodynamic engineering plays a critical role in the overall riding experience, particularly at higher speeds. With the Agera, our focus has been on developing a shell profile that manages airflow effectively. By combining aerodynamic considerations with functional ventilation and a race-inspired design, we aim to deliver a helmet that reflects our continued focus on engineering-led product development."

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