TVS Motor increases stake in rental-services company
The online platform that connects consumers looking to rent out various products including – two-wheelers, passenger vehicles, buses, among others – with prospective renters.
Homegrown two- and three-wheeler major TVS Motor has invested Rs 50 lakh in Bangalore-based Condivision Solutions the parent company of Rentongo.com
TVS Motors has increased its stake in the rental company by 5.6 percent, taking its total ownership to 29.6 percent.
Rentongo is an online platform that connects consumers looking to rent out various products including – two-wheelers, passenger vehicles, buses, among others – with prospective renters.
The company established in 2012, currently operates in key metroes that includes Bengaluru, Delhi/NCR, Hyderabad, Mumbai, and Pune.
RELATED ARTICLES
MHI opens technical bids for PLI manufacturing of 10 GWh advanced chemistry cells
The seven bidders comprise ACME Cleantech Solutions, Amara Raja Advanced Cell Technologies, Anvi Power Industries, JSW N...
Skoda India makes six airbags standard fitment in Kushaq and Slavia
The introduction of six airbags as standard across the Kushaq SUV and Slavia sedan range furthers the safety quotient in...
Ampere Vehicles to launch new Nexus electric scooter on April 30
The all-new Nexus will be Ampere Vehicles’ flagship scooter. Key highlights include four riding modes, an LFP battery, a...