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TVS Motor Company incorporates wholly owned subsidiary company

13 Dec 2021 Evaluate

TVS Motor Company has incorporated wholly owned subsidiary company namely ‘TVS Electric Mobility’ on December 13, 2021. The entire shares of ‘TVS Electric Mobility’ have been subscribed by the company and hence, ‘TVS Electric Mobility’  is a wholly owned subsidiary of the company and is a related party of the company.  The object of the incorporation is to undertake electric mobility business.

TVS Motor Company is a reputed two and three-wheeler manufacturer.

Peers
Company Name CMP
Bajaj Auto 9830.00
TVS Motor Company 3932.05
Hero MotoCorp 4965.00
Eicher Motors 6925.40
OLA Electric Mobilit 35.40
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