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
Rajiv Bajaj reappointed MD and CEO of Bajaj Auto for five-year term
Bajaj Auto’s Board of Directors has approved the re-appointment of Rajiv Bajaj as the company’s MD and CEO for another f...
JSW MG Motor launches Comet EV Blackstorm edition
The key highlights of the Comet EV Blackstorm, which is now the top-end variant, are its ‘Starry Black’ exterior along w...
Maruti Suzuki begins production at new Kharkhoda plant
Phase 1 of the Kharkhoda plant will have an annual production capacity of 250,000 units and produce the Brezza compact S...