TVS Motor Company’s subsidiary -- TVS Motor (Singapore) has agreed to acquire 25% stake in Killwatt GmbH by way of newly issued shares of Killwatt GmbH. Killwatt presents great potential which has been conceptualised by the company. This acquisition is aligned with the company’s larger vision of becoming a leading player in the e-personal mobility space and providing customers with sustainable mobility solutions, and it complements the company’s other recent acquisitions.
TVS Motor Company considers Killwatt as a long-term partner to establish a strong presence in the e-mobility business. To this end, TVS Motor has obtained a minority stake in Killwatt through its Singapore Subsidiary TVS Motor (Singapore) Pte Ltd, by way of subscription to newly issued shares of Killwatt GmbH.
TVS Motor Company is a reputed two and three-wheeler manufacturer.