TVS Motor (Singapore) Pte. Limited, a wholly-owned subsidiary of TVS Motor Company, has acquired an additional 30% stake in EBCO Limited, a UK-based electric bike distributor. This acquisition, completed on March 26, 2025, for £60,000, results in EBCO becoming a fully owned subsidiary of TVS Motor Singapore.
EBCO Limited is a UK-based company that distributes electric bicycles and serves the growing British e-bike market. Founded on March 3, 2010, it works with major dealers across the UK. Its financial performance has varied in recent years, with a revenue of ₹7.07 crore in 2023-24, ₹4.87 crore in 2022-23 and ₹8.85 crore in 2021-22. However, the company has faced losses, reporting a net loss of ₹15.15 crore in 2023-24.
TVS Motor Company views EBCO as a strategic partner in strengthening its position in the e-bike segment. By acquiring full ownership, TVS aims to expand its footprint in the electric mobility market, using EBCO’s experience and strong presence in the UK. This move supports TVS’s long-term goal of focusing on sustainable transportation.
The acquisition was conducted as a cash transaction, requiring no regulatory or government approvals. TVS Motor Singapore acquired the 30% stake for £60,000, bringing its total ownership in EBCO to 100%. With this acquisition, TVS aims to enhance its global market presence in the electric bike industry.
As of March 27, 2025, at 11:50 AM, TVS Motor Company share price is trading at ₹2,451.50 per share, reflecting a surge of 0.92% from the previous day’s closing price. Over the past month, the stock has registered a profit of 4.81%. The stock’s 52-week high stands at ₹2,958.00 per share, while its low is ₹1,873.00 per share.
The complete acquisition of EBCO Limited marks a significant step for TVS Motor in its journey toward strengthening its electric mobility portfolio. By securing full ownership, TVS positions itself to capitalise on the growing e-bike market in the UK and beyond.
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Published on: Mar 27, 2025, 2:13 PM IST
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