TVS Motor Company Limited, one of India’s leading two-wheeler manufacturers, has made significant strides in its global business operations with two recent acquisitions. The company has acquired a full stake in The GO Corporation (GOAG), Switzerland, and EBCO Limited, UK, through its wholly-owned subsidiary TVS Motor (Singapore) Pte. Ltd. These acquisitions mark strategic moves to strengthen TVS’s global presence and expand its portfolio, particularly in the electric mobility sector.
TVS Motor Acquires 100% Stake in The GO Corporation
In an official communication to BSE Limited and the National Stock Exchange of India, TVS Motor Company announced the completion of the acquisition of an additional 8.26% stake in The GO Corporation (GOAG). This acquisition, valued at CHF 500,000, was carried out through TVS Motor (Singapore) Pte. Ltd, the wholly-owned subsidiary of TVS Motor Company.
Following this acquisition, TVSM Singapore now holds 100% of the share capital of GOAG, making it a wholly-owned subsidiary of both TVSM Singapore and TVS Motor Company Limited. The acquisition was completed on 26th March 2025 at 15:02 PM (IST).
This development aligns with TVS Motor’s strategic objective to enhance its global business footprint and strengthen its investment portfolio.
TVS Motor Completes Full Acquisition of EBCO Limited
In a parallel move, TVS Motor also disclosed the additional acquisition of a 30% stake in EBCO Limited, UK. The transaction, valued at GBP 60,000, was completed by TVSM Singapore. With this acquisition, EBCO has now become a wholly-owned subsidiary of TVSM Singapore and TVS Motor Company Limited, effective from 26th March 2025 at 14:45 PM (IST).
EBCO Limited, established on 3rd March 2010, specializes in the distribution of electric bikes in the British e-bike market. In the financial year 2023-24, the company recorded a turnover of Rs. 7.07 Cr, with a net loss of Rs. 15.15 Cr and a net worth loss of Rs. 26.76 Cr. Despite the financial challenges, TVS Motor views EBCO as a long-term partner to build a strong presence in the e-bike business, leveraging EBCO’s network with major dealers across the UK.
Strategic Importance
Both acquisitions align with TVS Motor’s strategic vision to diversify its portfolio and strengthen its presence in international markets. The full acquisition of GOAG enhances TVS’s operations in Switzerland, while the complete stake in EBCO solidifies its position in the e-bike market in the UK.
By consolidating ownership in both companies, TVS Motor aims to drive synergies, enhance operational efficiency, and explore growth opportunities, particularly in the electric mobility segment.
