TVS Motor Company’s wholly owned subsidiary -- TVS Motor (Singapore) has entered into an investment agreement with ION Mobility (ION). The company has entered into an investment agreement with an aim to provide ION the necessary ecosystem support to be successful in the electric two-wheeler markets of Singapore and Indonesia.
The partnership is in line with TVS Motor Company’s commitment to build an aspirational product portfolio while associating with sustainable and scalable brands. It also reiterates the company’s strategy to expand its global presence. TVS Motor (Singapore) will subscribe to 3,144,198 Series AA Shares of Ion Mobility. Cost of acquisition is $9,500,000. The investment will enable TVS Motor Company to drive the premium electric ecosystem in South-east Asia.
TVS Motor Company is a reputed two and three-wheeler manufacturer.
| Company Name | CMP |
|---|---|
| Bajaj Auto | 10112.50 |
| TVS Motor Company | 3710.60 |
| Hero MotoCorp | 4992.80 |
| Eicher Motors | 7524.95 |
| Ather Energy | 1139.75 |
| View more.. | |
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: