TVS Motor Expands Investment in Killwatt GmbH Through Subsidiary

BY ADMIN • FILED 04 Feb 2025, 9:30 AM

TVS Motor Company Limited, via its subsidiary TVS Motor (Singapore) Pte Ltd, has made an additional investment in Killwatt GmbH. This follows previous disclosures on February 26, 2024, February 29, 2024, and March 20, 2024, regarding the acquisition of a 9.72% stake in Killwatt GmbH for EUR 4 million.

Key Highlights of the Investment Update:

Recent Payment: TVS Motor (Singapore) Pte Ltd. transferred EUR 1.6 million to Killwatt GmbH on February 3, 2025, upon the successful completion of a pre-agreed milestone.
Pending Payment: A balance of EUR 0.4 million remains, contingent on Killwatt GmbH meeting another predefined milestone.
Total Investment So Far: The original agreement was for EUR 4 million. With the latest EUR 1.6 million payment, TVS Motor has now invested EUR 3.6 million, following an earlier EUR 2 million payment on February 29, 2024.
Regulatory Relevance: This transaction qualifies as a material event under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This continued investment underscores TVS Motor’s commitment to its collaboration with Killwatt GmbH and aligns with its long-term strategic vision.