TVS Motor Company Limited — JV/Acquisition, 26-03-2025: Acquisition

TVS Motor (Singapore) Pte. Limited has acquired an additional 30% stake in EBCO Limited for GBP 60,000, making EBCO a wholly owned subsidiary. EBCO, which operates in the UK e-bike market, generated a turnover of Rs. 7.07 Cr in FY 2023-24, though it reported a net loss of Rs. 15.15 Cr. This acquisition is part of TVS Motor's strategy to strengthen its presence in the e-bike sector, with expectations of long-term benefits and market expansion through synergies in the burgeoning electric vehicle landscape.