TVS Motor To Acquire EV-Related Tech

TVS Motor Company Limited (the Company), through its wholly-owned subsidiary TVS Motor (Singapore) (TVSM Singapore), has signed an agreement to acquire EV-related technology and assets in Germany.

TVS Singapore will be acquiring the assets through its subsidiary BBT 35/22 Vermögensverwaltungs GmbH (name proposed to be changed to Celerity Motor GmbH). The said purchase will help strengthen the TVS’ expansion in the EV 2-wheeler market globally.