TVS Motor Company Limited (BSE:532343) is in advanced talks to raise INR 40,000 million - INR 50,000 million from private equity firms to fund the expansion plan of the group's newly formed electric mobility arm, two people with direct knowledge of the matter said. “TVS wants to consolidate its position as a leader in the EV segment through relevant product offerings and increase its network presence across the country," one of the two people said, requesting anonymity. “TVS is in advanced discussions with PE players.

The money is likely to be raised in the September quarter itself. For raising the money, equity from TVS Motor's wholly owned subsidiary TVS Electric Mobility Ltd. could be placed with the investors. Depending on the valuation of the deal for TVS Electric Mobility, the quantum of the stake will be decided, but it seems a large amount of stake of around 40% (in the subsidiary) could be sold by parent TVS Motor for the required fundraising, a part of which could be used for acquiring startups in the EV space," said the second person, also requesting anonymity.

An email sent to a TVS spokesperson did not elicit any response.