TVS Motor Company, through its wholly owned subsidiary TVS Motor (Singapore), has acquired an additional 30% stake in EBCO, UK, making the British company a wholly owned subsidiary. The acquisition was completed on March 26, 2025, for a consideration of GBP 60,000 from an existing shareholder.With this latest transaction, TVS Motor (Singapore) now holds 100% ownership of EBCO. The move follows its earlier acquisition of a 70% stake in the UK-based company in 2022, solidifying TVS Motor’s commitment to expanding its presence in the electric mobility sector.
In a separate development, TVS Motor (Singapore) also increased its stake in The GO Corporation (GOAG), Switzerland, by acquiring an additional 8.26% stake for CHF 500,000, bringing its total ownership to 100%. This acquisition makes The GO Corporation a wholly owned subsidiary of TVS Motor (Singapore) and, by extension, TVS Motor Company.
These acquisitions align with TVS Motor’s broader strategy of strengthening its position globally in electric mobility and related sectors. By consolidating ownership of both companies, TVS aims to leverage their expertise to drive innovation and growth in emerging mobility technologies.EBCO is known for its work in e-bikes and urban mobility solutions.(Edited by : Ajay Vaishnav)
