TVS Motor Company Limited — JV/Acquisition, 03-02-2025: Acquisition

TVS Motor (Singapore) Pte Ltd has increased its stake in Killwatt GmbH by 9.72%, investing a total of EUR 4 million. Recently, an additional EUR 1.6 million was paid following the achievement of a pre-agreed milestone, with the remaining EUR 0.4 million contingent upon the completion of another milestone. This strategic acquisition positions TVS Motor to enhance its operational capabilities and market presence, potentially unlocking value for shareholders through synergies and growth opportunities in the electric mobility sector.