TVS Holdings to Acquire Home Credit India for Consumer Finance Push

TVS Holdings is set to expand its presence in the consumer finance sector with the acquisition of an 81% stake in Home Credit India Finance for ₹554 crore. This move, as detailed by Sudarshan Venu, MD of TVS Holdings, is aimed to leverage Home Credit’s strong distribution network and sizable customer base for cross-selling opportunities in various loan products. The transaction supports TVS Holdings’ strategy to grow both organically and inorganically, focusing on customer segments and credit quality to drive profitable operations. Venu revealed ambitious plans to grow the combined book size to ₹50,000 crore over the next three years and hinted at maintaining the Home Credit brand to target rural customers and leverage ‘phygital’ distribution models. Additionally, TVS Motor Company’s future in electric vehicles was discussed, with plans for a comprehensive range of electric two-wheelers, three-wheelers, and bicycles, highlighting the company’s dedication to innovation and growth in the automotive sector. The outlook for TVS Motor Company remains optimistic, with expectations of two-wheeler demand returning to peak levels complimented by robust financial services.

Consumer Finance, Automotive & Electric Vehicles,India

https://mergersacquisitions.einnews.com/article/711062484/5fdRK_EmwpBVhQ8M?ref=rss&ecode=Q1vNcweEggLWKz7L