Warranty Group increases stake in TVS TWG Warranty Solutions to 90%

The JV will continue to operate under the same team, headed by current COO Srikanth Srinivasan

The Warranty Group (TWG), a warranty solutions and after-sales services company, will be acquiring a majority stake in its joint venture company with TVS Automobile Solutions Private Limited (TVS ASPL), TVS-TWG Warranty Solutions Limited..

In line with TWG's strategy to expand its footprint in the auto and non-auto segments in India, the company will become a 90 per cent shareholder in the joint venture (JV). TVS ASL will retain a 10 per cent shareholding said the company while declining to share any financial detials.

The JV offers extended warranties and related services and solutions in the auto sector throughout India.