
On July 2, 2026, TVS Motor Company Limited announced the completion of the asset transfer of TVS EBike Company AG to Callista Asset Management 33 GmbH.
The transaction was executed as per the Asset Transfer Agreement dated May 14, 2026, as per the exchange filings.
The Asset Transfer Agreement involved TVS Motor (Singapore) Pte. Ltd, a wholly owned subsidiary of TVS Motor Company, and TVS EBike Company AG, a step-down wholly owned subsidiary. The agreement with Callista AMG was finalised on July 2, 2026, at 3:00 PM (IST).
TVS EBike transferred the identified assets and liabilities to Callista AMG, adhering to the terms specified in the agreement. The disclosure was initially made on May 15, 2026, under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Despite the asset transfer, there has been no change in the shareholding of TVS Singapore in TVS EBike. TVS EBike remains a wholly owned subsidiary of TVS Singapore, and consequently, a step-down wholly owned subsidiary of TVS Motor Company.
This development is considered a material update to the earlier disclosure made in May 2026, ensuring transparency and compliance with regulatory requirements.
Read More: TVS Motor Share Price Surges Over 3%; Q1FY27 Sales Reach Record 1.63 Million Units; June Sales Rise 47%!
As of July 03, 2026, at 12:24 PM, TVS Motor share price on NSE was trading at ₹3,625.00 down by 0.05% from the previous closing price.
TVS Motor Company completed the asset transfer of TVS EBike Company AG to Callista AMG on July 2, 2026. The transaction did not alter the shareholding structure, with TVS EBike continuing as a wholly owned subsidiary of TVS Singapore.
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Published on: Jul 3, 2026, 3:38 PM IST

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