TVS Motor Company Limited — JV/Acquisition, 25-03-2025: Acquisition

TVS Motor (Singapore) Pte. Ltd. has agreed to acquire an additional 8.26% stake in The GO Corporation (GOAG) for CHF 500,000. This acquisition will increase TVSM Singapore's total holding in GOAG to 100%, converting it into a wholly owned subsidiary. GOAG, a Swiss technology firm specializing in smart connected mobility solutions, reported a turnover of Rs. 35.96 Cr and a loss after tax of Rs. 60.1 Cr in CY 2023. This strategic move aims to enhance TVS Motor's presence in the growing e-mobility market, leveraging GOAG's innovative products and distribution network in Europe.