TVS Motor: Swiss e-mobility subsidiaries merge for efficiency

TVS Motor Company [BSE: TVSMOTOR] disclosed the merger of Swiss E-Mobility Group (Schweiz) AG, Alexand'Ro Edouard'O Passion Velo Sàrl, and The GO Corporation into Swiss E-Mobility Group (Holding) AG, effective June 30, 2025. The move, driven by TVS Motor's Singapore subsidiary, aims to simplify the group structure, optimize costs, enhance compliance, and improve access to funding. Consequently, SEMG CH, Passion Velo and Go AG have ceased to be subsidiaries. The combined turnover of the merging entities for CY 2024 was INR 550 Cr. While the transaction qualifies as a related party transaction, it involves no cash or share exchange.