TVS Motor Company Limited — JV/Acquisition, 01-07-2025: Amalgamation/Merger

TVS Motor’s wholly owned subsidiaries in Switzerland—Swiss E-Mobility Group (Schweiz) AG, Alexand'Ro Edouard'O Passion Velo Sàrl, and The GO Corporation—have merged into Swiss E-Mobility Group (Holding) AG to simplify the group structure and drive operational synergy and cost optimization. These entities focus on e-bikes and connected mobility solutions across Switzerland and Germany, with a combined turnover of Rs. 550 Cr in 2024. The merger is a subsidiary-level restructuring with no cash consideration or impact on TVS Motor’s shareholding.