TVS Motor Company’s wholly-owned subsidiary -- TVS Motor (Singapore) (TVSM Singapore) has acquired 100% stake in BBT 35/22 Vermogensverwaltungs GmbH, a German Company and thereby it has become a subsidiary of TVSM Singapore as well as to the company. The name of the company is proposed to be changed to Celerity Motor GmbH. The object of acquisition is to undertake activities related to two-wheeler & three-wheeler vehicles, including Research, Development, Engineering, sales and service thereof.
TVS Motor Company is a reputed two and three-wheeler manufacturer.