TVS Motor Company acquires Passion Velo for two.Seventy nine million Swiss Franc

TVS Motor Company acquires Passion Velo for two.Seventy nine million Swiss Franc

by admin- Wednesday, April 13th, 2022 04:53:55 PM

TVS Motor Company introduced that Swiss E-Mobility Group (Holding) AG (“SEMG”), a subsidiary of the Company has acquired one hundred% in Alexand’Ro Edouard’O Passion Velo Sarl (“Passion Vélo”), broadly speaking engaged in the sale of e-bikes in addition to e-motorbike add-ons across a variety of premium e-bike manufacturers together with TREK, Riese & Muller, Cannondale,
Moustache and others.

Consequent to the above, Passion Vélo has emerge as a subsidiary of the Company.

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