TVS Motor Company’s subsidiary, TVS Motor (Singapore) has completed further acquisition of 8,000 equity shares in Killwatt GmbH. Pursuant to the aforementioned acquisition, the shareholding of the company in Killwatt GmbH has increased from 25% to 39.28%, by way of newly issued shares of Killwatt GmbH. Earlier, the company had initiated acquisition of an additional 14.28% stake in Killwatt GmbH.
TVS Motor Company is a reputed two and three-wheeler manufacturer.