TVS Motor Company Invests In Narain Karthikeyan's Startup DriveX The investments will enable DriveX to further scale up offerings in the pre-owned two-wheeler space in India

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

TVS Twitter handle

TVS Motor Company, two-wheeler and three-wheeler manufacturers, has invested in Narain Karthikeyan's startup DriveX, a pre-owned two-wheeler platform. The pre-owned two-wheeler market is growing rapidly and has garnered high levels of investors and customer interest in recent years, driven by digitization and emergence of startups. This investment aimed at enabling innovations solutions to lead this transformation.

"The pre-owned two-wheeler vehicle market is changing rapidly today. DriveX is a digital first business, serving all brands with unique analytics-led capabilities across the value chains. In the coming years, DriveX will aim to strengthen its presence across India, followed by other geographies in due course. With this investment from TVS Motor Company, we are confident of expanding the DriveX vision and delivering a pre-owned two-wheeler business that exceeds customer expectations," said Narain Karthikeyan, founder and CEO, DriveX.

Founded by Narain Karthikeyan, DriveX is a fully integrated model present across the pre-owned two-wheeler vehicle value chain. This includes all core areas including procurement, refurbishment and retailing of multi-brand pre-owned two-wheelers.

"The pre-owned two-wheeler market is largely unorganized today. It is delightful to see what DriveX has been able to create and deliver in short time. The platform has a vision to bring change in this segment by building trust, assurance and transparency through end-to-end, high quality products and customer experience through innovative solutions. We are confident of DriveX ability to deliver o this vision," said Sudarshan Venu, managing director, TVS Motor Company.

TVS Motor Company is a reputed two and three-wheeler manufacturer globally, championing progress through sustainable mobility with four state-of-the-art manufacturing facilities in Hosur, Mysuru and Nalagarh in India and Karawang in Indonesia, as per a statement.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Related Topics

News and Trends

Kaynes Semicon To Invest INR 4,000 Crore On OSAT/ATMP

The investment is expected to create around 1,000-plus jobs


International Security Firm Welcomes Female India Native to an Essential Leadership Position

Yasmin Brar has been appointed as the Operations Strategy Director, a role that underscores the company's commitment to innovation, expansion, and strategic management

Growing a Business

Expand Your Knowledge and Unlock Success With These Must-Read Business Books

Top business books to ignite your entrepreneurial journey.

Science & Technology

How Technology Has Changed Business Communication

Technology has forever changed the business communication landscape.

Health & Wellness

How Taking Up Boxing Transformed My Outlook on Entrepreneurship

Few things have taught me more about entrepreneurship than getting into boxing. Here are the three most important lessons I've learned from my time in the ring.

Growing a Business

Celebrity Chef Maneet Chauhan Shares Her Best Tip for Aspiring TV Chefs

Chef and restaurateur Maneet Chauhan discusses the reality of being a chef, sharing stories online and becoming a food TV personality.