In the regulatory fileing, the company states that “shares have been acquired on 5.05 EUR, which is subject to the completion of the recognized terms.
Under this agreement, 1,5,3 equity shares will be acquired, which is 5 percent of the EE equity capital capital, the fileing said.
Establishment of Global Center of Excellence (COE) for design and engineering in Bologa, Italy, strengthens the company’s long-term vision for future-made mobility solutions, in the international market.
“By connecting engineering creativity and racing experts with our engineering and design power, we are increasing our ability to distribute new global benchmark premiums, connected and electric vehicles,” TVS Motor Company Chairman Sudarshan Venu said. Honor his iconic heritage but also increase future ambitions. “The COE concept-to-product innovation hub is designed as the TVS motor’s world R&D capacity, the company, in addition to operating the TVS motor’s premium and Future-Redd Product pipeline, will also give a new capacity to the COE Northeas, the company’s iconic British marks. Modern luxury will support its ambition to create modern luxury motorcycles with sophisticated performance and design.
The company reflects the implication of strengthening its design and engineering support of the TVS motor to speed up the production of the next generation of mobility platforms, the company said.