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TVS Motor Company’s arm subscribes additional stake in Ion Mobility

15 Mar 2024 Evaluate

TVS Motor Company’s wholly-owned subsidiary – TVS Motor (Singapore) Pte. has now subscribed to an additional 1,820,326 Series AA Shares of Ion Mobility on March 14, 2024 and thereby ION Mobility has become an Associate of TVS Motor (Singapore) Pte as well as the Company.

The additional investment in Ion Mobility is intended to further enable TVS Motor Company to further drive the premium electric ecosystem in South-east Asia. 

TVS Motor Company is a reputed two and three-wheeler manufacturer.

Peers
Company Name CMP
Bajaj Auto 9861.10
TVS Motor Company 3920.20
Hero MotoCorp 4991.10
Eicher Motors 6960.00
OLA Electric Mobilit 36.30
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