With acquisition of Germany-based EV company
TVS Motor Company, through its wholly owned subsidiary i.e. 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 Vermensverwaltungs 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.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
