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TVS Motor Company informs about disclosure

09 Dec 2022 Evaluate

TVS Motor Company has informed that 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.

The above information is a part of company’s filings submitted to BSE.

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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