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TVS Motor’s arm acquires 100% stake in German Company

08 Dec 2022 Evaluate

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.

Peers
Company Name CMP
Bajaj Auto 9861.10
TVS Motor Company 3920.20
Hero MotoCorp 4991.10
Eicher Motors 6960.00
OLA Electric Mobilit 36.30
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