TVS Motor Company has informed that the company through its wholly owned subsidiary TVS Motor (Singapore) Pte. Limited (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 Vermögensverwaltungs 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, said a press release by the company.
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