This acquisition furthers TVS Motor's commitment towards e-personal mobility products, the company said.
3i Infotech, BEL, Dixon Tech, Kotak Bank, Karnataka Bank, Larsen & Toubro, Marico, NIIT, Naukri, Suzlon, United Breweries and Vedanta to announce results today.
This will be the firm's second acquisition in Switzerland in e-mobility space in FY22. It took an 80% stake in EGO Movement for $17.9 mn in Sept 2021
Viswanathan is currently an associate professor of Mechanical Engineering at Carnegie Mellon University and is a global leader in advanced batteries for electric mobility.
Early-stage funding in the segment rose almost three times to $74 million in 2021 compared to the previous year
Brokerages had turned cautious on the stock which led to recent correction
Bank shares may be in focus as RBI proposes to introduce revised norms for banks for setting aside capital for operational risks
The EV association comes almost nine years after TVS Motor Company and BMW Groups' motorcycle brand BMW Motorrad joined hands to develop sub-500cc motorcycles for the global market
The first product from this partnership will be showcased in the next 24 months, TVS said
In the past three months, the stock has outperformed the market by surging nearly 30 per cent
Stocks bearing breakout on moving averages, price strength and technical indicators are ready to see steady upside of up to 9 per cent
However, exports grew 30% with sales of 96,000 units