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TVSMOTOR · price
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TVS Motor's wholly owned subsidiary TVS EBike Company AG has entered into an asset transfer agreement with German company Callista Asset Management 33 GmbH for sale of certain assets and liabilities. The transaction is valued at CHF 16 million (book value of net assets), payable over 24 months. TVS Ebike had a standalone turnover of CHF 51.55 million and networth of CHF 2.63 million for calendar year 2025. The ebike business designs, develops and markets products under brands including Cilo, Simpel, Allegro, EGO Movement, and EBCO, with retail operations in Switzerland under the m-way brand and B2B sales across Europe and UK. The transaction is expected to complete by 13 August 2026 and is not a related party transaction.
This represents the divestment of TVS Motor's European ebike business segment, which contributed meaningful revenue. The CHF 16 million consideration with 24-month payment timeline suggests a moderate impact on the company's near-term cash flows and strategic footprint in the European ebike market.