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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 10371.00
TVS Motor Company 4280.00
Hero MotoCorp 5107.00
Eicher Motors 7250.00
OLA Electric Mobilit 35.14
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