TVS Motor strengthens its EV 2-wheeler market presence

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.

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