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TVS Motor Company acquires German electric two-wheeler brand

Bikewale logo Bikewale 09-12-2022 Suvil Susvirkar

- German electric two-wheeler acquired via TVS Singapore

- This acquisition will strengthen its electric portfolio

- Details about upcoming products unavailable yet

TVS Motor Company has announced that its fully-owned subsidiary, TVS Motor (Singapore) Pte. Ltd. has acquired EV-related technology and assets in Germany. The Hosur-based manufacturer made the announcement to the Securities and Exchange Board of India under the Listing Obligations and Disclosure Requirements.

TVS Singapore will be acquiring the assets through its subsidiary BBT 35/22 Vermögensverwaltungs GmbH. This is proposed to be renamed as Celerity Motor GmbH and it will help the company strengthen the company’s expansion in the electric two-wheeler market globally. However, the company has not released its plans for its electric vehicle expansion.

TVS Right Side View © Provided by Bikewale TVS Right Side View

Meanwhile, TVS Motor Company currently offers one electric two-wheeler, the iQube that is sold in three variants – Standard, iQube S, and iQube ST. The three variants are distinguished through their respective top speed and battery capacity. These vehicles rival the likes of Ather 450X and Ola S1 series in the Indian market.

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